Deals
DigitalBridge Buys Yondr as AI Fuels Demand for Data Centers
- The companies did not disclose financial terms of the deal
- AI systems need data centers filled with powerful chips
DigitalBridge Group Inc. has agreed to buy British data center developer and operator Yondr Group Ltd. as the investment firm seeks to profit from the boom in artificial intelligence.
Boca Raton, Florida-based DigitalBridge, a major investor in digital infrastructure, made the purchase via one of its managed investment funds, the companies said in a joint statement on Monday. Financial details of the deal weren’t disclosed.