The acquisition makes a lot of sense in the world of investment. For instance, the investment firms generally acquire other investment forms to retain their growth and development logically. However, acquisition becomes less sensitive to the external world at times but offers tremendous benefits to the engaged members. This is precisely what is happening with the acquisition of Fortress Investment Group by SoftBank. They agreed to buy fortress for 3.3 billion US Dollars which was accredited by the fortress shareholders in July 2017. This deal was officiated in December 2017. However, the question that disturbs many people is whether a multinational conglomerate such as SoftBank that aims at technology advancement and internet startups would have any interest in Fortress.
The contract between Fortress Investment Group and SoftBank when you contemplate on the history of both industry. Each of these companies has continuously sought new areas of expanding their ventures. They have also shown some interest in rebranding themselves with time. SoftBank was established in 1981 by Masayoshi Son. During this time, it was just a PC software wholesaler business enterprise. The firm has attained incredible success, and it currently owns stakes in over 400 companies raising a wide range of services such as tech-services, broadband, internet, e-commerce, fixed-line telecommunication and much more. The acquisitions of Fortress Group has dramatically illustrated its purpose of finally becoming one of the leading investment companies in the whole world. To know more about the company click here.
Fortress Investment Group has not been a shape-shifter like SoftBank. However, it has always portrayed its willingness and interest towards adapting and coping with various changes that help it to be competent with its opponents. Fortress Investment Group was established in New York City in 1998 by Randal Nardone who serves as the Chief Executive Officer, and his partner Wesley Edens. Fortress has managed to develop and grow its business in various departments such as real estate, private equity investments and hedge funds. This company currently operate over 40 billion US Dollars in assets for the sake of over 1750 institutional clients and private investors all over the world. The company is expected to continue with its operation similarly.
Their LinkedIn Profile: https://www.linkedin.com/company/fortress-investment-group