Morning Agenda: SoftBank and Fortress, Trump Bump and Misguided Critiques
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Masayoshi Son, the founder of the Japanese conglomerate SoftBank, which is buying Fortress Investment Group, an American private equity giant. CreditToru Hanai/Reuters
The founder of the Japanese conglomerate SoftBank, Masayoshi Son, is known for making ambitious, sometimes head-scratching moves.
But this could be his most unusual move yet: SoftBank is buying the private equity giant Fortress Investment Group for $3.3 billion.
Fortress oversees about $70 billion in assets, but how will that help SoftBank’s $100 billion technology investment fund?
It will have to operate at an arms length from the SoftBank Vision Fund because it is a regulated entity, but it is expected that there will be opportunities to share intelligence…
Morning Agenda: SoftBank and Fortress, Trump Bump and Misguided Critiques
