Softbank keeps rolling the dice with $3.3bn Fortress acquisition

Softbank has confirmed its $3.3 billion acquisition of Fortress Investment Group, a US-based asset manager which currently has significant holdings in various tech companies including Lyft.
While last years’ ARM acquisition may have hogged the headlines, the Softbank VC team has been much more active. Alongside the £24.3 billion to buy ARM, the team has also recently invested $1 billion in Korean mobile commerce company Coupang, as well as substantial cash injections into Indian e-co