SoftBank to acquire DigitalBridge for $4 billion

SoftBank Group will acquire digital infrastructure investor DigitalBridge Group in a deal valued at $4 billion, the companies said on Monday, as the Japanese investment firm looks to deepen its AI-related portfolio.

The acquisition would expand SoftBank’s exposure to digital infrastructure as the Japanese conglomerate is positioning its portfolio to focus on artificial intelligence.

DigitalBridge shares rose about 9.7% to $15.27 on Monday, following a 45% rise earlier this...