SoftBank Group Acquires Fortress Investment Group For $3.3 Billion

SoftBank, a Japanese technology-oriented company has finalized its acquisition of Fortress Investment Group. The transaction which was completed on 12th July 2017 at $3.3 billion saw Fortress Investment Group became the first US Company ever to be delisted from the New York Stock Exchange. SoftBank Group struck the deal to acquire Fortress Investment Group for $8.08 per share. The price offered per was actually 39% more than its price a day before the announcement of the acquisition.

The completion of the acquisition comes after both parties satisfactorily met the conditions necessary to the closing of the deal. Such conditions include the approval from the Fortress shareholders as well as receipt of all regulatory approvals. The proceeds of the merger were to be shared according to the agreements outlined in the Fortress’s Definitive Proxy.

In the acquisition, it was agreed that the FIG will operate independently under SoftBank Group and its headquarters will remain in New York. The company will also retain its management including Randy Nardone, Peter Briger and Wes Edens. SoftBank Group also committed itself to allow Fortress retain its personnel, culture, brand and business model. This are the factors which have seen Fortress Investment Group grow to its current position and hence SoftBank doesn’t want to alter this growth trend.

This transaction is in line to SofBank’s aspirations to drive Information Revolution. In this plan, SoftBank rolled its 93 billion dollar Vision Fund in committed capital. Vision Fund aims at investing globally in firms and state-of-the art technologies that will achieve Information Revolution. The purchase of FIG marks SoftBank’s direct investment in alternative investment. This investment will enable SoftBank attain the requisite investment expertise necessary in its information Revolution agenda.

About SoftBank Group

SoftBank Group is a wholly-owned subsidiary of the SoftBank Group Corp. SofBank is an international high-end technology company that aspires to lead the Information Revolution. It has an international portfolio of companies in Artificial Intelligence, Internet of Things, Internet Services, smart robotics, clean energy technology and telecommunications.

About Fortress Investment Group

FIG began in 1998 courtesy of Randal Nardone and Wes Edens. Currently, it is led by three able co-principals namely; Randal Nardone, Wes Edens and Peter Briger. This company is in the business of alternative investment. FIG has three major divisions including Private Equity, Alternative Credit and Permanent Capital. Today, the company currently manages assets worth $30.1 billion for over 1750 corporate and private investors.

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Graeme Holm And Infinity Group Australia Talk About The Usefulness of Cash

Graeme Holm is aware of the debt that a lot of people are in. After doing a lot of research and making a lot of observations, Graeme Holm has come to a conclusion about the nature of debt. He and his company Infinity Group Australia have suggested that people use cash in order to keep from getting into debt. There are a ton of reasons for the suggestions. One article about Infinity Group Australia lists 7 of them. A lot of it has to do with the psychology that often comes with the use of a payment method other than cash, especially credit cards.

When people use credit card, they find it easier to spend more money. There are two ways that spending money is easier with a credit card. For a lot of people, it is very easy to swipe a credit card when it comes to paying for something that is high in price. When paying a large price for something, people find it a lot harder to pay with their own money. For one thing, the item they want takes up a huge percentage of their money. Chances are, they are not going to get paid for a while.

Another way that credit cards make it easier to spend money is that debt carries interest with it. Therefore, people who spend with the use of a credit card are going to be paying even more for a product. With cash, people pay a lot closer to the price of the product. With this being a factor, Infinity Group Australia and Graeme Holm recommend using cash as one of the effective methods of keeping debt to a minimum. Cash is also recommended because it makes tracking finances a bit easier. A lot of people do not realize how much they spend with a credit card.

Learn more : https://www.propertychat.com.au/community/threads/infinity.27800/