SoftBank to acquire DigitalBridge for $4bn in move to deepen ties to AI
by Reuters from Technology | The Guardian on (#72EY7)
Acquisition would further expand SoftBank's investments in artificial intelligence as it tries to center itself in the boom
SoftBank Group will acquire digital infrastructure investor DigitalBridge Group in a deal valued at $4bn, 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.
SoftBank's billionaire founder Masayoshi Son is seeking to capitalize on surging demand for the computing capacity that underpins artificial intelligence applications.