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International Business Times
International Business Times
Business

SoftBank Eyes Next-Gen AI Data Centers with $4B DigitalBridge Acquisition

DigitalBridge SoftBank Masayoshi Son SoftBank Group
This file picture taken on July 28, 2016 shows SoftBank Group Representative Masayoshi Son speaking at a press conference. Arm, a chip designer based in the UK and primarily owned by SoftBank, is set to create a specialized division focused on AI chips. Their goal is to develop a prototype by spring 2025 and then start mass production in the same year's fall.

Japan's SoftBank Group announced on Monday that it will acquire digital infrastructure investment firm DigitalBridge for $4 billion as part of its growing focus on artificial intelligence.

The deal, approved by a special committee of DigitalBridge's board, values the company at $16 per share in cash, representing a 15% premium over DigitalBridge's closing price on Dec. 26.

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International Business Times UK
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