Plans to sell Fortress Investment Group suggest that SoftBank Group is moving toward an investment strategy focused on advanced technology. (Photo by Wataru Ito)
TAIZO WADA, Nikkei staff writer |
TOKYO — SoftBank Group’s decision to sell Fortress Investment Group, its U.S. asset management subsidiary, suggests it is moving toward an investment strategy focused on advanced technology.
Fortress and its buyer, Mubadala Capital, an arm of one of Abu Dhabi’s sovereign wealth funds, jointly announced the deal on Monday.
