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SoftBank mulls options for Fortress, including sale
SoftBank Group Corp is considering a sale of Fortress Investment Group as it explores options for the asset manager, Bloomberg News reported on Monday, citing people with knowledge of the matter.
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The Japanese conglomerate bought Fortress for more than US$3 billion in 2017.
However, SoftBank was not able to mesh Fortress’s operations with its own, leading to its decision to explore other options, the report said, adding that discussions were at an early stage.
SoftBank and Fortress did not immediately respond to Reuters requests for comment.
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