DigitalBridge shares jump on report SoftBank in talks to acquire firm

SoftBank could announce a deal as soon as Monday, Bloomberg reported, citing unnamed sources.

CNBC has reached out to representatives for SoftBank and DigitalBridge. Both companies declined to comment when contacted by Bloomberg.

After peaking at 50% higher at around 4:20 a.m. ET, shares of DigitalBridge were last seen 35% higher. The stock is up roughly 23% year-to-date.

The report comes amid a global boom for the infrastructure that underpins AI applications — and as SoftBank doubles down on the tech.

The Japanese giant recently sold its entire stake in U.S. chipmaker Nvidia for $5.83 billion to make room for its investment in OpenAI.

DigitalBridge describes itself as “a unique digital infrastructure business,” and has roughly $108 billion of assets under management as of the end of September, according to its website.