U.S. regulators forced SoftBank to give up day-to-day control over Fortress Investment Group before it would approve its $3.3 billion buy of the PE business last year, the Financial Times reported. SoftBank has limited say in how Fortress manages its $38 billion in assets, the story said.
Source: https://www.pehub.com/2018/04/softbank-gave-control-win-fortress-deal-financial-times/
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