Digital Bridge Shares Soar 50% on SoftBank Takeover Rumors

Digital Bridge shares surged 50% in pre-market trading amid reports of talks between Japanese giant SoftBank and the company for a potential acquisition. Bloomberg reports the deal could be announced as soon as Monday.

Shares of the data center investment company 'Digital Bridge' jumped as much as 50% in pre-market trading on Monday following a media report that Japanese group 'SoftBank' is in advanced talks to acquire the New York Stock Exchange-listed company. After the stock's gains peaked at around 50% at about 4:20 AM Eastern Time, the increase later stabilized at around 35%. According to Bloomberg, citing unnamed sources, SoftBank could announce the deal as soon as possible on Monday. These developments come at a time when the world is experiencing a strong boom in data center infrastructure.

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