DigitalBridge To Take JTOWER Private, Acquires 75.62% Majority Stake For JPY70.1B
Portfolio Pulse from Benzinga Newsdesk
DigitalBridge Group is set to take JTOWER private by acquiring a 75.62% majority stake for JPY70.1 billion. This move is part of DigitalBridge's strategy to expand its digital infrastructure portfolio.
October 21, 2024 | 12:32 pm
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DigitalBridge Group is acquiring a 75.62% stake in JTOWER for JPY70.1 billion, taking the company private. This acquisition is a strategic move to enhance its digital infrastructure portfolio.
The acquisition of a majority stake in JTOWER by DigitalBridge is a significant strategic move, likely to positively impact DBRG's stock price in the short term. This enhances their digital infrastructure portfolio, aligning with their growth strategy.
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