DigitalBridge Offers Whopping 152% Premium for JTOWER Inc

Tokyo-Based Towerco Accepts Offer

In a deal that values the Tokyo-based company at approximately $10 billion, JTOWER Inc., Japan's sole independent tower company, has accepted an offer from digital infrastructure investor DigitalBridge Group.

Details of the Offer

DigitalBridge has offered to acquire all outstanding shares of JTOWER at a price of 2,700 yen per share, representing a premium of 152% over the current market value. The transaction is expected to close in the first half of 2023, subject to customary closing conditions and regulatory approvals.