Mubadala Capital's $3b bid for Fortress clears US regulatory hurdle: report

Mubadala Capital's $3b bid for Fortress clears US regulatory hurdle: report

An employee stands in front of a Formula One race photograph at the Mubadala stand outside the Ferrari store in Marina Mall in Abu Dhabi, September 23, 2008. REUTERS/Morteza Nikoubazl

Abu Dhabi sovereign investor Mubadala Capital’s $3 billion bid for New York-based Fortress Investment Group has cleared a significant US regulatory hurdle after the parties agreed to important concessions, the Financial Times reported on Friday.