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News  ›  The Motley Fool

Stock Market Today, Dec. 29: DigitalBridge Group Surges on Deal With SoftBank to Acquire the Company for $4 Billion

The Motley Fool Logo The Motley Fool By Josh Kohn-Lindquist
Stock Market Today, Dec. 29: DigitalBridge Group Surges on Deal With SoftBank to Acquire the Company for $4 Billion

SoftBank announced an agreement to acquire DigitalBridge Group for $16 per share in cash, valuing the digital infrastructure company at $4 billion. DigitalBridge's stock surged 9.63% on the news, though some analysts have issued higher price targets of $20-$23, raising questions about whether shareholders will accept the offer. The deal reflects SoftBank's strategy to build digital infrastructure to support AI growth.

Insights
WTIU   neutral

Proposed a modular approach to AI agents, focusing on specialized, discrete task performance


DBRG   positive

Stock surged 9.63% on acquisition announcement at $16/share; however, sentiment is tempered by existing analyst price targets of $20-$23, suggesting the offer may be undervalued and shareholders may reject it.