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

<-bsp-bb-link state="{"bbHref":"bbg://securities/1448162D%20UH%20Equity","_id":"00000188-4427-d4d5-a3fc-ef3f87120000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Mubadala Investment Co. is nearing a deal to buy <-bsp-bb-link state="{"bbHref":"bbg://securities/3867693Z%20US%20Equity","_id":"00000188-4427-d4d5-a3fc-ef3f87120001","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Fortress Investment Group from <-bsp-bb-link state="{"bbHref":"bbg://securities/9984%20JP%20Equity","_id":"00000188-4427-d4d5-a3fc-ef3f87120003","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">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. <-bsp-person state="{"_id":"00000188-4427-d4d5-a3fc-ef3f87150000","_type":"00000160-6f41-dae1-adf0-6ff519590003"}">Rajeev Misra, a key lieutenant to SoftBank founder <-bsp-person state="{"_id":"00000188-4427-d4d5-a3fc-ef3f87150001","_type":"00000160-6f41-dae1-adf0-6ff519590003"}">Masayoshi Son with close ties to the Gulf emirate, is playing a key role in brokering the deal, the people said.

Rajeev Misra

Photographer: Patrick T. Fallon/Bloomberg

Misra was a partner at ...