DigitalBridge Offers Hefty Premium for Japan’s Jtower

Offer represents 152% premium over Wednesday closing price
Founder Atsushi Tanaka, NTT and NTT Docomo agree to tender

A mobile phone tower.Photographer: Steve Hockstein/Bloomberg

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By Ryotaro Nakamaru

August 14, 2024 at 8:12 AM UTC

This article is for subscribers only.

DigitalBridge Group Inc. is offering a whopping 152% premium for Jtower Inc. in a deal that values the Tokyo-based telecom infrastructure-sharing company at around ¥93 billion ($630 million).

Jtower’s founder and president, Atsushi Tanaka, as well as Nippon Telegraph & Telephone Corp. and its mobile unit will tender their combined stake of roughly 26% to the take-private deal at ¥3,600 per share, according to an exchange filing. The offer runs from Thursday to Oct. 10.