ISTANBUL

Japanese tech giant SoftBank has entered into a deal to acquire DigitalBridge, a US-based asset manager dedicated to investing in digital infrastructure, for $4 billion.

The planned acquisition of DigitalBridge will strengthen SoftBank Group’s ability to build, scale, and finance the foundational infrastructure needed for next-generation AI services and applications, DigitalBridge announced on Monday.

A press release read: "With a global footprint and deep sector expertise, DigitalBridge will enhance SoftBank Group’s ability to originate, finance, operate, and scale digital infrastructure opportunities worldwide."

Masayoshi Son, the CEO of SoftBank Group, said as AI transforms industries worldwide, SoftBank needs more computing, connectivity, power, and scalable infrastructure.

"DigitalBridge is a leader in digital infrastructure, and this acquisition will strengthen the foundation for next-generation AI data centers, advance our vision to become a leading ASI platform provider, and help unlock breakthroughs that move humanity forward," he added.

Under the terms of the deal, SoftBank Group will indirectly acquire all the outstanding common stock of DigitalBridge for $16 per share in cash.