SoftBank to buy Fortress Investment for ₹22000 crore in cash
Japan's SoftBank has said it will pay $3.3 billion (over ₹22,000 crore) in cash to acquire publicly traded hedge-fund manager Fortress Investment Group. The company announced a $100 billion (₹6,70,000 crore) technology fund called Vision Fund in October last year. SoftBank's India-born Head of Strategic Finance Rajeev Misra, who joined SoftBank from Fortress, is leading the Vision Fund team.