Announcement Date: December 29, 2025
Softbank Group Buys DigitalBridge

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