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SoftBank Nears $2 Billion Sale of Fortress to Mubadala

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SoftBank Said to Near $2 Billion Sale of Fortress to Mubadala

Mubadala Investment Co. is nearing a deal to buy Fortress Investment Group from SoftBank Group Corp. in a purchase that could value the US asset manager at more than $2 billion, people with knowledge of the matter said.

The Abu Dhabi sovereign fund could announce an agreement in the coming weeks, the people said, asking not to be identified because the information is private. Rajeev Misra, a key lieutenant to SoftBank founder Masayoshi Son with close ties to the Gulf emirate, is playing a key role in brokering the deal, the people said.