Last week, Fortress Investment Group LLC and Mubadala Investment Company announced that they completed the acquisition, on undisclosed terms through Mubadala Capital, “of the 90.01% of the equity of Fortress that was held by SoftBank”. According to a joint press release, Mubadala now owns 68 percent of Fortress’s equity, while Fortress management owns 32 percent, the latter “in a class of equity entitling Fortress management to appoint a majority of seats on the board”.
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