SoftBank, DigitalBridge Need CFIUS Approval for Merger
SoftBank, a Japan-based investment management firm, and DigitalBridge, a global digital infrastructure investment firm, will need approval from the Committee on Foreign Investment in the U.S. and several other regulators before they can complete their merger, DigitalBridge said in its…
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latest SEC filing. Along with CFIUS, they will also need approval from the Federal Energy Regulatory Commission, the Federal Communications Commission, the Monetary Authority of Singapore, the U.K.'s Financial Conduct Authority, and the EU under the EU Foreign Subsidies Regulation. SoftBank plans to buy DigitalBridge for about $4 billion, according to SoftBank's Dec. 29 press release.