SoftBank of Japan Will Buy U.S. Private Equity Giant Fortress
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Masayoshi Son, the founder of the Japanese conglomerate SoftBank. CreditToru Hanai/Reuters
Over its three-decade existence, the Japanese conglomerate SoftBank and its founder, Masayoshi Son, have been known for ambitious and sometimes head-scratching moves.
Now, SoftBank is nearing its most unusual move yet: It is buying Fortress Investment Group, an American private equity giant that oversees around $70 billion in assets.
That business is a radical departure from the technology and telecommunications holdings for which the Japanese company is known. But the acquisition is intended to energize SoftBank’s other enormous new endeavor: a $100 billion technology investment fund that threatens to roil the private equity world…
SoftBank of Japan Will Buy U.S. Private Equity Giant Fortress
