M&A · Financials · Investment Advice
Softbank Group Corp. to acquire DigitalBridge Group, Inc.
Announced Dec 29, 2025 · Closed Sep 22, 2026
Deal value$4.00B
Premium15.0%To unaffected price
EV / Adj. EBITDA—
ConsiderationAll cash$16.00 per share
Transaction
- Acquirer
- Softbank Group Corp. (SFTBF)
- Target
- DigitalBridge Group, Inc. (DBRG)
- Buyer type
- Strategic
- Offer price per share
- $16.00
- Enterprise value
- —
- Status
- Closed Sep 22, 2026
Deal protections
- Break fee (target pays)
- $96.0M · 2.4%
- Reverse fee (buyer pays)
- $154M · 3.9%
- Go-shop
- No-shop
- Financing
- No financing condition
Advisors
- To the acquirer
- Not disclosed
- To the target
- Barclays, JPMorgan
- Barclays fee
- $3.0M
- JPMorgan fee
- $28.0M
Sector context · Financials
- Comparable deals
- 68 in the prior 24 months
- Premium
- 15.0% vs. 41.5% sector median
- EV / Adj. EBITDA
- Sector median 13.7x
- Break fee
- 2.4% vs. 3.7% sector median
Timeline
- AnnouncedDec 29, 2025
- Proxy filedMar 6, 2026
- Definitive proxyMar 24, 2026
- Shareholder voteApr 23, 2026
- ClosedSep 22, 2026
Valuation · fairness opinions
Discounted cash flowBarclays$9.80$14.00
Analyst price targetsBarclays$13.50$23.00
Premiums paidBarclays$11.30$15.60
Trading comparablesJPMorgan$5.38$9.83
Sum of the partsJPMorgan$10.96$17.35
Precedent transactionsJPMorgan$11.55$16.02
Precedent transactionsJPMorgan$11.89$15.12
Offer $16.00
Implied value per DigitalBridge Group, Inc. share by analysis, from Barclays and JPMorgan.