Market Overview

SoftBank Group Completes Acquisition of Fortress Investment Group


Acquisition brings additional investment expertise to SoftBank

Fortress will continue to operate independently

SoftBank Group Corp. ("SoftBank" or "SBG") today announced that it has
completed the previously announced acquisition of Fortress Investment
Group LLC (NYSE:FIG) ("Fortress") for $3.3 billion in cash. Following
the close of the transaction, SBG and its wholly-owned subsidiaries own
all outstanding Fortress shares. The completion follows the satisfaction
of all conditions to the closing of the transaction, including approval
of the transaction by Fortress shareholders on July 12, 2017 and receipt
of all necessary regulatory approvals.

As a result of the acquisition, each outstanding Fortress Class A share
was converted into the right to receive $8.08 per share in cash, with
merger proceeds to be distributed in accordance with payment procedures
outlined in Fortress's Definitive Proxy dated June 7, 2017 and the
Merger Agreement incorporated therein. Fortress's common stock has
ceased trading and will be delisted from the New York Stock Exchange.
Fortress's financial results will be consolidated and reflected on SBG's
consolidated financial statements following the acquisition closing date
of December 27 (EST), 2017. SBG will announce the impact of the
consolidation as necessary.

Fortress will operate within SoftBank as an independent business
headquartered in New York. Fortress Principals Pete Briger, Wes Edens
and Randy Nardone will continue to lead Fortress. SoftBank is committed
to maintaining the leadership, business model, brand, personnel,
processes and culture that have supported Fortress's success to date.

About the SoftBank Group

The SoftBank Group is a global technology player that aspires to drive
the Information Revolution. The SoftBank Group is comprised of the
holding company SoftBank Group Corp. (TOKYO: 9984) and its global
portfolio of companies, which includes advanced telecommunications,
internet services, AI, smart robotics, IoT and clean energy technology
providers. In May 2017, the SoftBank Vision Fund, which invests globally
in the businesses and technologies that will enable the next stage of
the Information Revolution, held its first major close with over USD 93
billion in committed capital. To learn more, please visit

About Fortress

Fortress Investment Group LLC is a leading, highly diversified global
investment firm with $36.1 billion in assets under management as of
September 30, 2017. Founded in 1998, Fortress manages assets on behalf
of over 1,750 institutional clients and private investors worldwide
across a range of credit, real estate, permanent capital and private
equity investment strategies. For more information regarding Fortress
Investment Group LLC please visit

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