The purchase of Fortress Investment Group by SoftBank that will make a difference

Home / The purchase of Fortress Investment Group by SoftBank that will make a difference

So many years it was the first investment firm to go public, years later after that, it was the first to be bought. Fortress Investment Group was bought at $33 billion. In was purchased by SoftBank Group Corporation that is based in Tokyo. Also, the company is a Japanese multinational. For Fortress Investment Group they will continue to be an independent entity firm even after the purchase. That was the reason why Briger, Nardone, and Edens stayed as the principals of the company. The joining of the forces with SoftBank is so that to make the challenges of the worldwide market easy for Fortress Investment Group. Visit wikipedia.org

The one thing that the new leaders of Fortress Group are interested with is that they will come up with a team of leaders that will take care of the unfolding information revolution. The vision of SoftBank is that they will give their full support and invest in the information revolution next stage. The reason why they purchased Fortress Investment Group was so that they would add investment expertise. The management of the SoftBank flagship investment fund was not that advanced, and they needed the experts.

The leadership of Fortress is still expected that it will continue as it was because it’s an alternative in the purchase. The company started small, and they had only 28 people, and the capital was $400 million. Today, the company has grown to the employment of 1100 people, 15 offices all over the world and they are managing over $70 billion in assets. The purchase by Softbank they see it as nothing but an opportunity for them to grow even better. The SoftBank Group offers their services by being driven by the information revolution by making good use of global technology. Fortress Investment Group has received so many success from the time it was founded. From the time the leadership of the company began to be widely recognized was when they were carrying out so many innovations and success. The company has received so many awards in 2010 and 2011 they won the Discretionary Macro-Focused Hedge Fund of the Year.

Read more on https://www.wsj.com/articles/softbank-nears-deal-to-buy-fortress-investment-group-for-more-than-3-billion-1487112978

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