TECHNOLOGY
SoftBank Doubles AI Bets With $4 Billion DigitalBridge Deal
Billionaire Masayoshi Son’s SoftBank Group agreed to acquire DigitalBridge Group for $4 billion, bolstering its AI infrastructure amid surging demand for data centers and connectivity. Deal Highlights SoftBank will buy all DigitalBridge shares at $16 each in cash, a 15% premium to the December 26, 2025 closing price and 50% above its 52-week average. The […]
Saks C.E.O. Steps Down Amid Debt Crisis
Saks Global’s CEO Marc Metrick has resigned as the luxury retailer grapples with mounting debt and a missed interest payment, raising bankruptcy fears. Leadership Transition Marc Metrick, who led Saks Fifth Avenue since 2015 and Saks Global post-2024 Neiman Marcus merger, stepped down immediately to pursue new opportunities. Executive Chairman Richard Baker, a real estate […]