Japan's SoftBank to buy PE firm Fortress Investment for $3.3b

Japan's SoftBank to buy PE firm Fortress Investment for $3.3b

A man looks at his phone as he walks past an advertising poster of the SoftBank telecommunications company in Tokyo October 16, 2015. REUTERS/Thomas Peter

Japan’s SoftBank Group Corp has agreed to buy Fortress Investment Group LLC , a private-equity firm and asset manager, for about $3.3 billion in cash, a surprise move for a group that has to date focused on telecoms and technology.

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