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REPORT: SoftBank is looking to buy Fortress for more than $3 billion - and Fortress is soaring
REPORT: SoftBank is looking to buy Fortress for more than $3 billion - and Fortress is soaring
Portia CroweFeb 15, 2017, 04:26 IST
SoftBank Group Corp. Chairman and CEO Masayoshi Son smiles during an earnings briefing in Tokyo, Japan, July 28, 2016.REUTERS/Kim Kyung-Hoon
SoftBank, the hyper-acquisitive Japanese telecommunications giant, is nearing a deal to buy the investment management firm Fortress Investment Group, Bloomberg reports, citing Dow Jones.
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Fortress' stock soared 25% in after-market trading on the news.
