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Fortress exits decade in public spotlight with SoftBank buyout

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"SoftBank is committed to maintaining the leadership, business model, brand, personnel, processes and culture that have supported Fortress's success to date," the two companies say.

New York

THE first private equity firm to go public has become the first to be bought.

Ten years after Fortress Investment Group LLC listed on the New York Stock Exchange, Japan's SoftBank Group Corp has agreed to buy the alternative-asset manager for US$3.3 billion, according to a

sentifi.com

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