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Softbank Looks to Acquire Fortress Investment Group


On a regular basis in the business world, there are a number of acquisitions. Many of these often make sense in terms of providing benefits for two or more parties. Compaines look to merge in order to increase their value, get more assets and also grow and expand. There are also times when mergers and acquisitions do not make much sense to outsiders but are practical for the internal parties involved. The most recent example of this is on where the Japanese company Softbank has acquired Fortress Investment Group. According to sources, Softbank has recently acquired Fortress Investment Group for a total sum of $3.3 billion.

Softbank was founded in 1981 in Japan as a wholesaler of personal computers. It would later expand into a company that would acquire numerous technology companies that provide a wide range of technical services to customers. Due to it being a large conglomerate, the company has always looked to expand its holdings to other companies in a variety of industries. Fortress Investment Group is another company that has always looked to improve on its expansion throughout the world. Due to the common goals of both companies, they both decided to complete a merger which will help them reach their respective goals in the future.

Fortress Investment Group was founded in 1998 by former attorney Randal Nardone and finance professional Wes Edens. The two of them gradually built the firm into one of the leading asset management firms in the world. Over the course of the firm’s history, it would provide management of valuable assets such as hedge funds, real estate and private equity securities. During the last two decades, the firm would look to further expand itself to a number of markets in Europe, Africa, Asia and the Middle East. Despite being acquired by Softbank, Fortress Investment Group will continue to operate as it normally does.

Over the course of the last couple of years, Softbank executives were looking to acquire a company that specialized in financial management. It believed that it would need to ally itself with such a company so that it can become another top investment firm. Therefore it decided to acquire Fortress in order to achieve its latest objective.

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