Digital Bridge's SoftBank Acquisition Sparks Mixed Reactions

17 days ago

"Don't talk about this one a lot. Ticker is DBRG, Digital Bridge, but it's definitely moving in today's session. We were seeing it earlier up for double digit gains. Now, it's about up about 9.8%. This is a data center company. Uh, and essentially, we did hear that SoftBank is buying the company for about $3 billion. This is a 65% premium to Digital Bridge's closing share price earlier this month back on December 4th. So, this transaction is expected to close in the second half of next year pending regulatory approvals. But clearly, you are seeing the stock getting a pop here. Shares are up about 36% so far this year. But Raymond James though, they're saying that they call this deal quote unquote underwhelming in terms of the deal price."

Digital Bridge (DBRG) is experiencing a significant move in response to SoftBank's $3 billion acquisition offer, which represents a 65% premium over its recent closing price. The deal, expected to close in the second half of next year pending regulatory approvals, has driven the stock up nearly 10% in the current session and 36% year-to-date, although Raymond James criticizes the deal price as underwhelming.

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