SoftBank announced Monday that it had entered into a definitive agreement to acquire the investment firm for a total enterprise value of roughly $4 billion. The company will indirectly acquire all of DigitalBridge’s outstanding common stock for $16 a share in cash, which represents a 15% premium to Friday’s closing price.

Shares of DigitalBridge Group, an investment firm specializing in data centers and other digital infrastructure, rose sharply in premarket trading Monday following a report that said Japan’s SoftBank ...

SoftBank Group said it completed a $41 billion investment in OpenAI, one of the largest-ever private funding rounds that would give the Japanese firm a stake of about 11% in the ChatGPT maker. SoftBank Chief Executive Masayoshi Son has made an "all in" bet on OpenAI and is expanding investment in artificial intelligence and related infrastructure,