Announcement Date: December 29, 2025

Softbank Group Buys DigitalBridge

Softbank buys Digital Bridge.png

Acquirer: SoftBank Group Corp. (TSE: 9984)

  • Global conglomerate whose core businesses span telecommunications, broadband, enterprise IT, mobile devices, online advertising, e-commerce, payments, and financial services, alongside major technology investments through the Vision Funds and Arm
  • Also operates across media, IoT, security, automation, sports, and specialized retail and e-commerce platforms, reflecting a highly diversified portfolio
  • Founded in 1981 and headquartered in Tokyo, Japan

Acquirer Financial Statistics

  • Mkt Cap: $168.7 billion
  • EV: $254.1 billion
  • LTM Revenue: $48.1 billion
  • LTM EBITDA: $9.9 billion
  • LTM EV / Revenue: 5.3x
  • LTM EV / EBITDA: 25.8x

Acquirer Advisor(s)

NA

Target Company: DigitalBridge Group, Inc. (NYSE: DBRG)

  • Leading global alternative asset manager focused on investing in digital infrastructure across the digital ecosystem, including cell towers, data centers, fiber, small cells, and edge infrastructure
  • Manages $108 billion in infrastructure assets on behalf of its limited partners and shareholders
  • Founded in 2013 and headquartered in Boca Raton, FL

Target Financial Statistics

  • Mkt Cap: $2.8 billion
  • EV: $3.6 billion
  • LTM Revenue: $100.4 million
  • LTM EBITDA: ($7.0) million
  • LTM EV / Revenue: 35.9x
  • LTM EV / EBITDA: NA

Target Advisor(s)

NA

Price/Consideration

$4.0 billion/Cash

Deal Details

Announcement Date

  • December 29, 2025

Rationale

  • SoftBank aims to expand its data center and connectivity capacity to support next-generation AI services and Artificial Super Intelligence (ASI) development
  • The acquisition supports SoftBank’s mission to build scalable infrastructure essential for training and deploying AI models at a global scale
  • 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
  • “As AI transforms industries worldwide, we need more compute, connectivity, power, and scalable infrastructure,” said Masayoshi Son, Chairman and CEO of SoftBank

Deal Points

  • SoftBank Group will indirectly acquire all the outstanding common stock of DigitalBridge for $16.00 per share in cash, for a total enterprise value of $4.0 billion
  • The transaction represents a premium of 15% to DigitalBridge's closing share price on December 26, 2025 and a 50% premium to the unaffected 52-week average closing price as of December 4, 2025
  • DigitalBridge will continue to operate as a separately managed platform led by Marc Ganzi, CEO of DigitalBridge