2023-03-08 10:36:10 ET
- DigitalBridge Group ( NYSE: DBRG ) rose 4.2% amid a report that the company is considering a sale of a minority stake in Vantage Data Centers that could raise more than $1.5 billion for the data center operator.
- DigitalBridge ( DBRG ) is working with UBS to solicit buyer interest, according to a Bloomberg report , which cited people familiar. A potential stake sale is at an early stage and there's no certainty any deal will come to fruition. A sale in Vantage Data is expected to garner interest from private equity firms and infrastructure funds.
- DigitalBridge ( DBRG ) is expected to present at a Morgan Stanley TMT conference on Wednesday.
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DigitalBridge gains amid report it's evaluating Vantage Data Centers stake sale