DigitalBridge To Acquire Yondr Group to Expand Hyperscale Data Centers, Tapping into AI and Cloud Growth
Portfolio Pulse from Benzinga Newsdesk
DigitalBridge Group, Inc. (NYSE:DBRG) is set to acquire Yondr Group, a global developer of hyperscale data centers, to expand its digital infrastructure portfolio. This acquisition aims to capitalize on the growing demand for data centers driven by AI and cloud computing. The deal is expected to close in early 2025.
October 28, 2024 | 9:05 am
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DigitalBridge Group, Inc. is acquiring Yondr Group to expand its hyperscale data center capabilities, aligning with the growing demand for AI and cloud solutions. This strategic move is expected to enhance DigitalBridge's portfolio and revenue streams.
The acquisition of Yondr Group by DigitalBridge is a strategic move to enhance its data center portfolio, which is crucial given the rising demand for AI and cloud computing. This is likely to positively impact DigitalBridge's stock as it positions the company to capitalize on these growing sectors.
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