DigitalBridge CEO Warns of Late 1990s Moment After $4B SoftBank Sale

M&A · PartnershipAnalyst Impact 4
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Summary · why it matters

Marc Ganzi, CEO of DigitalBridge Group, warned on CNBC that the AI infrastructure market is in a "toppy-esque moment" similar to the late 1990s, just as his company's $4 billion sale to SoftBank Group Corp. nears completion. DigitalBridge agreed on December 29, 2025, to be acquired for $16.00 per share in cash, a deal shareholders approved in April 2026, with DBRG last trading at $15.96. Ganzi highlighted a widening leverage divide, noting DigitalBridge maintains a 45% loan-to-value ratio while newer competitors push to 70-80%, a condition he compared to altitude sickness. He also criticized NVIDIA's chip-financing structure, which involves raising over $500 billion from partners like Apollo and BlackRock, as "priced to perfection," and pointed to NVIDIA's Q2 FY2027 revenue of $96.22 billion, up 105.8% year over year, as evidence of the market's exuberance.

Impact on stocks 5

Cloud & Digital Infrastructure▲ · 1 stocks
Digitalbridge Group Inc
DBRG
▲ PositiveCapitalrelevance

Company being acquired for $16.00 per share cash, near current price, deal approved.

Financials▲ · 1 stocks
Artificial Intelligence▼ · 1 stocks
NVIDIA Corporation
NVDA
▼ NegativeCapitalrelevance

CEO warns AI market is 'toppy-esque' and criticizes NVIDIA's financing as 'priced to perfection'.

Aging Population▼ · 1 stocks
Digital Finance & Tokenization▼ · 1 stocks
BlackRock Inc
BLK
▼ NegativeCapitalrelevance

CEO criticizes NVIDIA's chip-financing structure involving BlackRock as 'priced to perfection', implying risk.

Theme Impact 3

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