Advertisement
Canada markets open in 2 hours 31 minutes

  • S&P/TSX

    21,873.72
    -138.00 (-0.63%)
     

  • S&P 500

    5,071.63
    +1.08 (+0.02%)
     

  • DOW

    38,460.92
    -42.77 (-0.11%)
     

  • CAD/USD

    0.7310
    +0.0012 (+0.17%)
     

  • CRUDE OIL

    82.91
    +0.10 (+0.12%)
     

  • Bitcoin CAD

    86,823.98
    -4,096.72 (-4.51%)
     

  • CMC Crypto 200

    1,350.34
    -32.24 (-2.33%)
     

  • GOLD FUTURES

    2,338.20
    -0.20 (-0.01%)
     

  • RUSSELL 2000

    1,995.43
    -7.22 (-0.36%)
     

  • 10-Yr Bond

    4.6520
    +0.0540 (+1.17%)
     

  • NASDAQ futures

    17,498.50
    -166.00 (-0.94%)
     

  • VOLATILITY

    16.21
    +0.24 (+1.50%)
     

  • FTSE

    8,092.72
    +52.34 (+0.65%)
     

  • NIKKEI 225

    37,628.48
    -831.60 (-2.16%)
     

  • CAD/EUR

    0.6814
    -0.0005 (-0.07%)
     

SoftBank mulls options for Fortress, including sale - Bloomberg News

Reuters
·1 min read
FILE PHOTO: The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo

(Reuters) - SoftBank Group Corp is considering a sale of Fortress Investment Group as it explores options for the asset manager, Bloomberg News reported on Monday, citing people with knowledge of the matter.

The Japanese conglomerate bought Fortress for more than $3 billion in 2017. (https://reut.rs/3mzd4xI)

However, SoftBank was not able to mesh Fortress's operations with its own, leading to its decision to explore other options, the report said, adding that discussions were at an early stage.

SoftBank and Fortress did not immediately respond to Reuters requests for comment.

Founded in 1998, New York-based Fortress manages assets on behalf of about 1,800 institutional clients and private investors worldwide, according to its website.

(Reporting by Tiyashi Datta in Bengaluru; Editing by Devika Syamnath)