SoftBank said Monday it has agreed to acquire DigitalBridge in an all-cash transaction valued at about $4B.
The acquisition underscores SoftBank’s push into infrastructure that supports artificial intelligence, as investors increasingly back data centers and other long-duration assets.
DigitalBridge shares rose about 10% in early trading following the announcement, according to CNBC.
“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,” SoftBank CEO and Chairman Masayoshi Son said in a statement. 
SoftBank is laser-focused on data center…