SoftBank has major ambitions in artificial intelligence. Which is exactly why they’re buying a digital infrastructure asset management company on the New York Stock Exchange.
What’s happening:
- SoftBank has entered into a new deal to acquire digital infrastructure asset management company DigitalBridge Group (NYSE: DBRG) for $4B USD
By the numbers:
- SoftBank will pay $16.00 USD per share to acquire DigitalBridge Group
- DigitalBridge Group has roughly $108B USD of assets under management
Why it matters:
- DigitalBridge Group is one of the few publicly traded specialized asset managers in North America that is solely focused on investing into and operating data centres, tower sites, edge computing and other digital infrastructure
Going deeper:
- SoftBank has publicly stated the purchase of DigitalBridge Group is a part of their ambitions to have access to more compute and power capacity for artificial intelligence workloads
