SoftBank to acquire DigitalBridge for $4bn in AI infrastructure push

SoftBank Group has entered into an agreement to acquire DigitalBridge Group in a deal valued at approximately $4bn. The acquisition, which will see SoftBank purchase all outstanding shares of DigitalBridge for $16 each in cash, aims to strengthen SoftBank’s position in developing global infrastructure for artificial intelligence (AI) applications. Both companies’ boards have unanimously approved the transaction after a special committee of DigitalBridge's independent directors reviewed and recommended t ...