DigitalBridge Surges on Softbank Talks, Tech Stocks Slip, Lululemon Edges Higher
- SoftBank Group Corp. agreed to acquire DigitalBridge Group Inc. (DBRG) in a deal valuing the data center investor at $4 billion including debt. That caused shares of DigitalBridge to soar. The Japanese conglomerate will pay $16 per share in cash for New York-listed DigitalBridge as part of its push to invest in digital infrastructure. The transaction is expected to close in the second half of 2026, pending regulatory approvals, and will bring to SoftBank relationships with more investors keen to deploy money in the data center industry.-Nvidia (NVDA) shares were down 1.6% at $187.45 in…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.