Abu Dhabi’s Mubadala Investment Co is in talks to acquire asset manager Fortress Investment Group from Japan’s SoftBank Group Corp, according to a source familiar with the matter.
Earlier on Tuesday, Bloomberg News reported, citing a source, that the Abu Dhabi sovereign wealth fund is discussing a deal that would value Fortress at more than $1 billion.
Mubadala, Fortress and SoftBank Group did not immediately respond to Reuters requests for comment.
Reuters