Why SoftBank’s Acquisition Of Fortress Investment Group Makes Sense

Business acquisitions normally happen because they benefit both parties. There is a lot of intrigue surrounding SoftBank's acquisition of Fortress Investment Group. The multi-billion dollar deal was approved by Fortress shareholders, however many people are curious about why SoftBank would be interested in working with Fortress. Analysts point out that the agreement between SoftBank and Fortress makes sense if you look back at the company's histories. Both companies have a history of evolving over the years. SoftBank evolved from a PC software wholesaler into a giant firm that has a stake in hundreds of companies. The company was founded by Masayoshi Son in Japan during the 1980's. After a few…
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What you should know about Fortress Investment Group

What you should know about Fortress Investment Group Fortress Investment Group LLC is an investment management firm that was founded in 1998 by Wes Edens, Randal Nardone, and Rob Kauffan. These entrepreneurs had immense financial experience from their positions at Goldman Sachs, Lehman Brothers, UBS, and BlackRock Financial Management. Their main objective was to create a new kind of investment company and invest in cutting-edge vehicles. As of September 30, 2017, the company manages more than $70.2 billion alternative assets inform of liquid hedge funds, credit funds, and private equity. Fortress manages assets for over 1,750 private investors and institutions across the globe in form of private equity, real estate,…
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