What is SoftBank's offer for DigitalBridge?

SoftBank has reportedly agreed to acquire DigitalBridge for $16 per share in cash.

Why did DigitalBridge stock jump today?

DigitalBridge stock surged due to reports that SoftBank has agreed to acquire the company.

What is DigitalBridge's stock performance history?

DigitalBridge IPO'd in 2014 and has fallen 71% since going public, though it has recently seen a significant increase in stock price.

Home / Business and Economy / DigitalBridge Soars on SoftBank Acquisition Rumors

DigitalBridge Soars on SoftBank Acquisition Rumors

30 Dec

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Summary

DigitalBridge's stock surged 9.7% on Monday to close at $15.27.
SoftBank reportedly agreed to acquire DigitalBridge for $16 per share.
Trading volume for DigitalBridge shares was significantly higher than average.

DigitalBridge Soars on SoftBank Acquisition Rumors

DigitalBridge Group (NYSE:DBRG) saw its stock price climb by 9.7% on Monday, closing at $15.27. This notable increase was fueled by reports indicating that SoftBank has reached an agreement to acquire DigitalBridge for $16 per share in cash. The trading volume on Monday was exceptionally high, reaching 86 million shares, which is about 14 times its typical three-month average of 6 million shares.

The potential acquisition comes as SoftBank continues to expand its digital infrastructure portfolio to support the growing demand for AI technologies. DigitalBridge's assets, including data centers, cell towers, and edge computing facilities, are seen as a strategic fit for SoftBank's expansion plans. Despite the recent price surge, DigitalBridge's stock has declined 71% since its initial public offering in 2014.