🏹SoftBank Group Completes Acquisition of Fortress Investment Group
Acquisition brings additional investment expertise to SoftBank Fortress will continue to operate independently
December 28, 2017
SoftBank Group Corp.
TOKYO, Japan, December 28 (JST), 2017 — SoftBank Group Corp. (“SoftBank” or “SBG”) today announced that it has completed the previously announced acquisition of Fortress Investment Group LLC (NYSE: FIG) (“Fortress”) for $3.3 billion in cash. Following the close of the transaction, SBG and its wholly-owned subsidiaries own all outstanding Fortress shares. The completion follows the satisfaction of all conditions to the closing of the transaction, including approval of the transaction by Fortress shareholders on July 12, 2017 and receipt of all necessary regulatory approvals.
https://www.softbank.jp/en/corp/news/press/sb/2017/20171228_01/