DigitalBridge shares jump as much as 50% after report SoftBank is in talks to acquire firm

Shares of data center investment firm DigitalBridge surged as much as 50% in premarket trade on Monday, following a media report that Japan’s SoftBank

is in advanced talks to acquire the New York-listed company.

SoftBank could announce a deal as soon as Monday, Bloomberg reported, citing unnamed sources.

CNBC has reached out to representatives for SoftBank and DigitalBridge. Both companies declined to comment when contacted by Bloomberg.

After peaking at 50% higher at around 4:20 a.m. ET, shares of DigitalBridge were last seen 40% higher. The stock is up roughly 23% year-to-date.