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SoftBank Group to Sell U.S. Investment Unit

SoftBank Group to Sell U.S. Investment Unit

   New York, May 22 (Jiji Press)--Japan's SoftBank Group Corp. will sell U.S. unit Fortress Investment Group LLC to Abu Dhabi's state-owned Mubadala Investment Co., Fortress and Mubadala said Monday.
   Mubadala will acquire some 90 pct of the equity of Fortress that is currently held by SoftBank through a subsidiary. After the transaction, 30 pct of Fortress will likely be owned by the U.S. company's management team and the remaining 70 pct by Mubadala.

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AFP-JIJI PRESS NEWS JOURNAL


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