SoftBank in advanced talks to sell asset manager Fortress to Mubadala for up to $3b: report

SoftBank in advanced talks to sell asset manager Fortress to Mubadala for up to $3b: report

FILE PHOTO: SoftBank Corp's logo is pictured at a news conference in Tokyo, Japan, February 4, 2021. REUTERS/Kim Kyung-Hoon/File Photo

SoftBank Group Corp is in late-stage talks to sell asset manager Fortress Investment Group to Abu Dhabi-based sovereign wealth fund Mubadala for as much as $3 billion, the Financial Times reported on Wednesday.