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DBRG — Digitalbridge News Story

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DigitalBridge climbs after Softbank to buy co for $2.92 billion

Updates after deal announcement

** Data center investment firm DigitalBridge's DBRG.N shares jump 9.8% to $15.30 premarket

** Japanese investment firm SoftBank 9984.T to acquire co for $2.92 billion

** Offer priced at $16 per share, a ~15% premium to DBRG's last close

** DBRG to continue as separately managed platform, says Softbank

** DBRG stock up ~57% since the talks were first reported on Dec 5, including premarket moves

** Firms are channeling billions into AI infrastructure on demand boom

** As of last close, DBRG up 23% YTD

 (Reporting by Utkarsh Tushar Hathi)

 ((utkarshtushar.hathi@thomsonreuters.com))

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