USA > Japan’s SoftBank Group to acquire Fortress Investment for $3.3Bn

Softbank_mobile_logo.svg Japan based SoftBank Group to acquire Fortress Investment Group for $3.3 billion. The all-cash deal will help Fortress shareholders receive $8.08 per share when the transaction is closed. Financial advisers for SoftBank was JP Morgan Securities whereas Morgan Stanley & Co advised Fortress Investment Group.   About Fortress InvestmentFortress Investment Group is an investment management firm based in New York City. As of June 30, 2016, More …

USA > SoftBank to Invest $1.2 billion in OneWeb’s Stake

softbank-logo Japan based SoftBank will invest $1.2 billion into OneWeb giving SoftBank Group around 40% stake in the internet startup. In series A funding, OneWeb had raised $500 million from Airbus, Qualcomm, Virgin, Boeing, Bharti, Hughes, Intelsat, MDA and Coca Cola. SoftBank and OneWeb said the new capital will support the construction of a manufacturing facility in Exploration Park, Florida. Also the investment is expected More …