There is a new and exciting development at Fortress Investment Group. This leading investment company in the United States has been acquired by a Japanese investment firm known as SoftBank. SoftBank is one of the leading investment firms in the world and has shown continuous growth over the past four decades. Since its formation in 1981, it has grown from one level to another in a short time. With the acquisition of the Fortress Investment Group, they have made an unprecedented move that will see the market share rise significantly. SoftBank seems to be working on its next phase of development which is to become the largest investment firm in the world. This acquisition deal cost $3.3 billion. Despite this hefty price, the Fortress Investment Group will maintain its daily operations. In the agreement, SoftBank pledged to keep off the management of the Fortress group in the management of its assets. Currently, Fortress has assets worth over $40 billion under its management.
The acquisition of the Fortress Investment Group by SoftBank is good news to both organizations. Fortress group will enjoy its own space and determine its growth path without influence from SoftBank. On the other side, SoftBank will benefit from the proven judgment and effectiveness of the Fortress group. Over the years, the Fortress group has proved that it is a company that can manage its operations with no outside influence. SoftBank hopes that Fortress Investment Group will pursue its unique goals and bring success to both organizations. For a company that has over 40 billion dollars under its management, there is no doubt that it is an organization that can maintain its position in the market effectively.
SoftBank was founded in 1981 by Masayoshi Son as a wholesaler of PC software. In 1996, the company acquired a controlling stake in Yahoo, and since then its growth has changed completely. Today, SoftBank has invested in more than 400 tech companies from different parts of the world. Its main focus is on tech startups that are coming up with disruptive technologies for the future. However, the deal between them and Fortress Investment Group is seen as a departure from the conventional mode of investment.
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