SoftBank Is Considering a Sale of Fortress Investment Group
- Japanese conglomerate took Fortress private in December 2017
- Fortress has been run independently due to CFIUS requirements
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SoftBank Group Corp. is considering a sale of Fortress Investment Group as the Japanese conglomerate reviews options for the asset manager it acquired four years ago, according to people with knowledge of the matter.
SoftBank’s deliberations regarding Fortress are at an early stage, said one of the people, who requested anonymity because the matter is private. The move is driven in part by the fact that the Japanese conglomerate was unable to mesh Fortress’s operations with its own, the people said. Representatives for SoftBank and Fortress declined to comment.