
The logo of SoftBank is displayed at a company shop in Tokyo, Japan, January 28, 2025. Photo: REUTERS/Issei Kato
The Japanese technology investor will buy all outstanding shares of DigitalBridge at 16 dollars apiece as it seeks to step up the development of artificial intelligence infrastructure including through its investment in OpenAI.
SoftBank expects to complete the acquisition of DigitalBridge in the second half of 2026, subject to regulatory approvals.
"As AI transforms industries worldwide, we need more compute, connectivity, power, and scalable infrastructure," Masayoshi Son, chairman and CEO of SoftBank Group, said in a statement.
"DigitalBridge is a leader in digital infrastructure, and this acquisition will strengthen the foundation for next-generation AI data centers," he said.
DigitalBridge has spent more than 30 years investing in digital infrastructure, including data centers and cell towers. It has over 108 billion dollars in assets under management.

Max: 1500 characters
There are no comments yet. Be the first to comment.