May 10 (Reuters) - Abu Dhabi sovereign investor Mubadala

Capital's $3 billion bid for New York-based Fortress Investment

Group has cleared a significant U.S. regulatory hurdle after the

parties agreed to important concessions, the Financial Times

reported on Friday.

The Committee on Foreign Investment in the United States

(CFIUS) approved Fortress' sale of a majority equity interest to

Mubadala, the newspaper said, citing three people familiar with

the matter.

The approval comes as Mubadala agreed to let Fortress commit

to keeping technology and data in the U.S after it earlier

pledged to waive day to day control over the investment group,

the report said, adding that the concession comes amid

Washington's increased focus on protecting US intellectual

property.

CFIUS, Mubadala and Fortress did not immediately respond to

a Reuters request for comment.

Abu Dhabi's Mubadala in May 2023, said it would buy a

majority stake in Fortress Investment from SoftBank Group Corp

.

After the deal is completed, Fortress' management will own a

30% stake, with Mubadala holding the rest.