09:12 AM EDT, 10/21/2024 (MT Newswires) -- DigitalBridge Group ( DBRG/PJ ) said Monday it completed a tender offer to acquire a majority stake in JTOWER, with plans to take the Japanese telecommunication company private.

DB Pyramid Holdings, a special purpose entity owned by funds managed by DigitalBridge ( DBRG/PJ ), acquired a nearly 76% controlling interest in JTOWER for 70.1 billion Japanese yen ($467.5 million), the asset manager said.

JTOWER is expected to be delisted from the Tokyo Stock Exchange by Q1.

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