SoftBank will be paying $3.3 billion for Fortress, a premium to the company’s stock market value of $2.3 billion. Still, it expected that there will be ample opportunity for the Vision Fund to benefit from shared intelligence between the two entities. That could mean Fortress seeing a deal in a telecommunications company that does not fit its mandate and passing it along to the Vision Fund. But shares of Fortress, like shares of other publicly traded private equity firms, have performed poorly in recent years. Under the terms of the deal, Fortress will become an independent subsidiary of SoftBank.

Source: New York Times February 14, 2017 23:15 UTC