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SoftBank to buy Fortress Investment for $3.3 bln
February 14, 2017 / 11:23 PM / 10 months ago

SoftBank to buy Fortress Investment for $3.3 bln

Feb 14 (Reuters) - Japan’s SoftBank Group Corp said it would buy asset manager Fortress Investment Group LLC for about $3.3 billion.

Fortress plans to maintain its current base dividend of 9 cents per share for the fourth quarter of 2016, the company said in a statement.

The Wall Street Journal reported of the deal earlier on Tuesday. (on.wsj.com/2lIdIeg) (Reporting by Subrat Patnaik in Bengaluru; Editing by Maju Samuel)

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