Shares of DigitalBridge, a company focused on data center investments, soared in premarket trading, rising by as much as 50% following reports that Japan’s SoftBank is in advanced negotiations to acquire the New York-listed firm. According to sources cited by Bloomberg, a formal announcement regarding the deal could occur as soon as Monday.
After initially reaching a peak increase of 50% around 4:20 a.m. ET, DigitalBridge’s stock was later observed trading approximately 35% higher. The company has demonstrated notable growth, with its stock price climbing around 23% year-to-date.
The backdrop for this potential acquisition is a burgeoning global demand for infrastructure that supports AI technologies, an area where SoftBank is reportedly increasing its investment focus. Recently, SoftBank divested its entire stake in Nvidia, a major U.S. chipmaker, for $5.83 billion to allocate those funds toward its investment in OpenAI.
DigitalBridge brands itself as a distinctive digital infrastructure company, managing assets totaling roughly $108 billion as of the end of September, according to information on its website. Despite the significant interest and market activity, both SoftBank and DigitalBridge have refrained from commenting when approached by representatives from Bloomberg.
