Tag: technology investment firms

Softbank Takes Over Fortress Investment Group

The Fortress Investment Group is a leading investment group that is now being acquired by the Softbank company. Softbank paid about 3.3 Million dollars to make this deal happen and Softbank is based out of Japan. Softbank has evolved from its early days as a computer and software company to in present day having a keen interest in grassroots technology investment firms.

Softbank has been in business for over 40 years and they are able to provide value and expertise across a number of different business arenas. The group’s leadership is excited about the prospects of once again being a private company dedicated to improving investor relations across the board.

Fortress Investment group operating structure as well as Softbank’s will not change much as a result of the union of these companies. Fortress Investment Group was one of the first private equity firms to join the Wall Street Investment stocks publicly and was also the first private equity firm to leave the New York stock exchange too. Softbank has agreed to let the Fortress Investment group operate on its own terms and conditions despite this merger. The Fortress Investment Group will remain based out of its New York City location despite the merger.

Softbank has considerable ties and investment already with another project called the Vision Fund, one of the largest tech based investment projects that has gotten funding from such big companies as Apple. It is the company’s hope to expand their role in this space by opening up a London office where these two companies can collaborate on any and all future projects. The London office will put about 1,000 people to work there which is good for their economy also. The merger will allow the former to take full advantage of the new Asian markets. Softbank hopes to focus its time and attention on maintaining investor and customer relations and also to help meet compliance issues within and outside of its company base.

Learn More: www.thestreet.com/quote/FIG.html