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16 February 2017

SoftBank to pay $3.3bn to breach Fortress

The $3.3bn acquisition of investment manager Fortress Investment Group will give the corporate stakes in venture-backed companies including Lyft.

Author: Robert Lavine, News Editor

Telecommunications and internet group SoftBank agreed yesterday to acquire US-based investment manager Fortress Investment Group for $3.3bn, giving it stakes in several venture capital-backed companies.