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Business deals

SoftBank-backed fund to acquire Japan's golf course operator Accordia

Deal expected to worth around $3.5bn, create synergy with hotel business

A golf course run by Accordia Golf in Narita, Japan. 

TOKYO -- Fortress Investment Group, a SoftBank Group affiliated investment fund based in the U.S., has decided to acquire Japan's largest golf course operator for around 400 billion yen ($3.5 billion), Nikkei has learned.

Accordia Golf operates about 170 golf courses in Japan. Fortress, which also operates hotels in Japan, intends to gain synergy effects by sharing customers with Accordia and thus raise its corporate value.

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