Stock Market Update
29-Dec-25 10:55 ET
Softbank to acquire DigitalBridge
Dow -221.38
at 48489.38,
Nasdaq -142.58
at 23450.55,
S&P +26.88
at 6956.81
[BRIEFING.COM] The major averages continue to trade in a narrow range with modest losses.
Corporate news flow is once again light given the holiday-abbreviated week. Softbank (SFTBY 57.08, +0.32, +0.56%) is modestly higher today after entering into a definitive agreement to acquire DigitalBridge (DBRG 15.28, +1.36, +9.73%) for a total enterprise value of approximately $4.0 billion. Under the terms of the agreement, SoftBank Group will indirectly acquire all the outstanding common stock of DigitalBridge for $16.00 per share in cash.
