Published February 14, 2017 5:54pm EST | Updated February 14, 2017 6:06pm EST

Fortress Investment Shares Up 22% On Report Of Softbank Deal

Shares of Fortress Investment Group rose 22% late Tuesday after Japanese telecommunications and internet company SoftBank Group Corp. was said to be near a deal to buy Fortress for more than $3 billion, according to The Wall Street Journal, citing sources. Fortress shares ended the regular trading day up nearly 7%.