SoftBank Group agreed to buy private equity firm DigitalBridge Group for about $3 billion in cash, part of the Japanese conglomerate¡¯s push to invest in data centers and other digital infrastructure fueling the artificial intelligence boom.
SoftBank will pay $16 per share for New York-listed DigitalBridge, the companies said in statement Monday, confirming an earlier Bloomberg News report. The offer ¡ª valued at $4 billion, including debt ¡ª is a 65% premium to DigitalBridge¡¯s closing share price on Dec. 4, the last trading day before talks between the two companies were reported.
The Japanese company¡¯s share price dropped as much as 3.4% in early trading in Tokyo on Tuesday.
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