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Abu Dhabi’s Mubadala close to acquiring Fortress from Softbank in a $2 billion deal

Abu Dhabi wealth fund Mubadala may announce its $2 billion purchase of Fortress Investment Group from SoftBank in the coming weeks.

According to the sources, Rajeev Misra, CEO of SoftBank Investment Advisers, is playing a key role in brokering the deal due to his close ties to Abu Dhabi and knowledge of Fortress. According to the report, no final decisions have been made, and the deal could still fall apart. In 2017, SoftBank acquired the US asset management firm Fortress to assist in the management of its Vision Fund.

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