SoftBank nears deal to sell Fortress to Mubadala for up to $3bn: FT

RIYADH: SoftBank Group Corp. is in late-stage talks to sell asset manager Fortress Investment Group to Abu Dhabi-based sovereign wealth fund Mubadala for as much as $3 billion, the Financial Times reported on Wednesday. The talks have been going on since last year and a deal, which will help Softbank pay down its debt, could be announced later this month, the report said,

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