SoftBank Group to Buy Data Center Investment Firm DigitalBridge

SoftBank Group 9984 0.79%increase; green up pointing triangle agreed to buy all shares outstanding of DigitalBridge Group DBRG 2.20%increase; green up pointing triangle for $16 apiece, part of the Japanese conglomerate’s strategy to take advantage of an AI-driven boom in digital infrastructure.

The price represents a 15% premium to DigitalBridge’s closing share price Friday, and a 50% premium to its unaffected 52-week average closing price as of Dec. 4, the companies said Monday. Including debt, the deal is valued at about $4 billion.