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14 July 2017

SoftBank completes Fortress takeover for $3.3bn

The telecom and internet group has had its proposed acquisition of Fortress Investment Group, an asset manager with some VC investments, approved by the latter's shareholders.

Author: Robert Lavine, News Editor

The shareholders of US-listed investment firm Fortress Investment Group agreed yesterday to a $3.3bn acquisition by telecommunications and internet group SoftBank.