SoftBank Group is set to acquire DigitalBridge Group in a $4 billion deal, expanding its AI-related portfolio. DigitalBridge shares rose 9.7% to $15.27 following the announcement, with the $16 per share offer representing a 15% premium. SoftBank’s founder aims to capitalize on AI demand, with the deal expected to close next year.

DigitalBridge invests in digital infrastructure like data centers and cell towers, managing around $108 billion in assets. The company, alongside OpenAI, Oracle, and MGX, is investing in the Stargate project for advanced AI development. OpenAI, Oracle, and SoftBank plan to build new computing sites in Texas, New Mexico, and Ohio with a combined power capacity of seven gigawatts.

Read more at Yahoo Finance: SoftBank to buy DigitalBridge in $4 billion deal to bolster AI infrastructure push