DBRG News & Events

Reports Q4 revenue $47.9M vs. $66.2M last year.

DigitalBridge "announced that a DigitalBridge investment fund, together with fellow shareholders Advencap and Soho Square Capital, has entered into a definitive agreement to sell Substantial Group, the parent company of UK-based wholesale full fibre operator Netomnia."

Raymond James analyst Ric Prentiss downgraded DigitalBridge (DBRG) to Underperform from Strong Buy without a price target. The company is being acquired by SoftBank (SFTBY) for $16 per share in cash. The company was very well-shopped, and Raymond James does not expect a topping offer, the analyst tells investors in a research note.