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.
(2023/05/23-11:06)
To read a full story, please click here to find out how to subscribe.
BUSINESS
- 05/27 20:15 Sharp Introduces Early Retirement System
- 05/26 20:12 INTERVIEW: Nippon Steel to Use Both Electric, Blast Furnaces
- 05/26 16:13 Sony to Add Portable Device to PS5 Line
- 05/25 18:02 Marugame Udon Suspends 2 Dishes after Frog Found
- 05/25 17:49 NTT West Briefly Hit with Telecommunications Glitch
- 05/25 14:55 Seven & i Shareholders Vote to Retain Pres. Isaka
- 05/25 12:29 Toyo Construction Opposes Nintendo Family's Takeover Plan
- 05/24 22:49 4 Major Japan Life Insurers Incur Operating Profit Drops in FY 2022
- 05/24 18:01 Fujitsu CEO Apologizes for Problems with My Number System
- 05/24 17:20 (Update) Honda Power Units to Return to F1 in 2026
- 05/24 13:23 Honda to Return to F1 in 2026
- 05/24 10:19 Fujitsu Halting My Number System for Convenience Stores
- 05/23 20:13 INTERVIEW: Lotte Eyes Japanese-S. Korean Collaboration within Group
- 05/23 19:08 U.S. Fund Confident of Ousting Seven & i Chief Isaka
- 05/23 18:08 Japan FTC Searches Nursing Care Software Firm Logic
- 05/23 12:29 Rapidus to Build Chip Production Hub in Sapporo Area
- 05/23 11:06 SoftBank Group to Sell U.S. Investment Unit
- 05/23 10:30 Japanese Mobile Carriers Offer Metaverse Services in Earnest
- 05/23 09:27 Mizuho FG to Acquire U.S. M&A Advisory Firm Greenhill
- 05/22 22:53 Kansai Electric to Enter Data Center Biz
- 05/22 19:09 Regional Digital Currencies Gaining Ground in Japan
