SoftBank Group agreed to buy asset manager Fortress Investment Group LLC for $3.3 billion, in a surprising move that is part of an effort by the Japanese technology giant to transform itself into one of the world’s largest investment firms.
SoftBank Group agreed to buy asset manager Fortress Investment Group LLC for $3.3 billion, in a surprising move that is part of an effort by the Japanese technology giant to transform itself into one of the world’s largest investment firms.
Fortress Class A stockholders are to get $8.08 a share, the companies announced late Tuesday after The Wall Street Journal reported on the deal. That is 39% above the closing price Monday, excluding dividends.
