SoftBank acquiring Fortress Investment Group in $3.3B deal

• Representing $8.08 per share, a 38.6% premium to Fortress Investment Group Class A common stock pricing as of yesterday, February 13. Principals at Fortress Investment Group will continue operation of the business on an independent basis.
• SoftBank Group (SFTBY, SFTBF) chairman and CEO Masayoshi Son: "Fortress’s excellent track record speaks for itself, and we look forward to benefitting from its leadership, broad-based expertise and world-class investment platform. For SoftBank, this opportunity will immediately help expand our group capabilities, and, alongside our soon-to-be-established SoftBank Vision Fund platform, will accelerate our SoftBank 2.0 transformation strategy of bold, disciplined investment and world class execution to drive sustainable long-term growth."
• Fortress Investment Group (NYSE:FIG-OLD) +24% at $7.70 after hours.
• Earlier (February 14, 2017): WSJ: SoftBank nearing $3B+ acquisition of Fortress Investment Group
• Press release [SoftBank Group]