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ECONOMY

SoftBank acquires U.S. investment firm

  • December 29, 2017
  • , Nikkei , p. 14
  • JMH Translation

SoftBank Group announced Dec. 28 that it has completed its acquisition of U.S. investment firm Fortress Investment Group. The Japanese telecom giant has now acquired all of Fortress’ [outstanding] shares for 3.3 billion dollars (approx. 372.9 billion yen). SoftBank will take advantage of Fortress’ know-hows in managing the assets of firms to be invested in by the “ten trillion yen fund” the Japanese company has established with Saudi Arabia and others.

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