A consortium led by alternatives investment firm 26North Partners is understood to be in advanced talks to acquire digital infrastructure fund manager DigitalBridge (DBRG), according to a report from IJGlobal, which added that energy trader Mercuria is said to be partnering with 26North on this acquisition, contacts tell The Fly. A deal “looks to be within days,” the report added, according to contacts. Shares of DigitalBridge are up 35c, or 4%, to $9.86 in Thursday afternoon trading.
Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DBRG:
- DigitalBridge price target lowered to $10.50 from $13.50 at Keefe Bruyette
- DigitalBridge Reports Solid Q1 2025 Financial Performance
- DigitalBridge Group Shines in Resilient Earnings Call
- Positive Outlook for DigitalBridge Group: Strong Q1 Performance and Growth Potential Highlighted by Analyst
- DigitalBridge reports Q1 distributable EPS 29c vs. 1c last year