Consumer Electronics Daily was a Warren News publication.

Sprint Parent Buys US-Based Investment Firm

February 16, 2017 |Mergers & Acquisitions

Japan’s SoftBank is buying global investment firm Fortress for about $3.3 billion in cash, the companies said Wednesday in a news release. SoftBank is the parent of Sprint. Fortress will continue to be run by its principals (see item in the personals section of this issue).