- DigitalBridge ( NYSE: DBRG ) announced that funds affiliated with its investment management arm, DigitalBridge Investment Management entered into an agreement to sell Wildstone, owner of independent outdoor media infrastructure in the U.K., to Antin Infrastructure Partners.
- Wildstone was acquired by DigitalBridge in January 2020; it owns a high-quality portfolio of 3K+ billboards in premium locations.
- "By investing in Wildstone's billboard digitization strategy and supporting its strategic acquisitions, DigitalBridge has enabled Wildstone to achieve substantial growth and significant market penetration on an accelerated basis," Senior Managing Director at DigitalBridge Investment Management commented.
- The transaction is expected to close in Q3.
- Shares trading 2.3% down premarket.
For further details see:
DigitalBridge offloads Wildstone, owner of outdoor media infrastructure