Fortress Investment Group LLC is a reputable asset management firm in the United states. This firms are reported valued at $70 billion in all its stakes from investments to assets. It recently took a bold move when is closed a deal of purchase by Softbank at a cost of US$3.3 billion. This deal qualifies Softbank to be ranked among the world’s largest investment firms around the world.
Masayoshi Son, who is the group’s chairman announced that Fortress Class A stockholders would be paid at $8.08 a share despite the surge in the trade recently. This about 39% in excess of what was expected according to the Wall Street Journal report. This Japanese business mogul desires to lead and disrupt the technology and communications market. it has not only acquired Fortress Investment Group, but also ARM Holdings PLC and Sprint Corp all of which are tech-based companies.
Softbank under the leadership of Mr. Son has been very strategic in investing in technology and predominantly in projects that will raise money, grow and transform the industry. He has already solicited for a $100 billion funding to help his company stretch its operations in new technologies especially in the Internet of Things and Artificial Intelligence. The investors in this project includes Oracle’s Larry Ellison, Qualcomm and Apple.
About Fortress Investment Group
Fortress Investment Group is an investment manager that deals with asset management, real estate investment, private equity and credit. It was founded in 1998 and rose to become the first asset manager to trade in the New York Stock Exchange. FIG is based in New York City and is led by the CEO, Wesley R. Edens with a major into liquid markets. With $3.3-Billion Acquisition of Fortress Investment Group, SoftBank Looks to Branch Out
With about two decades since it was incorporated Fortress Group has been able to absorb the economic tides and enjoy the market favorable conditions. FIG during the 2014 HFM week is was named the – Management Firm of the Year and also as the Hedge Fund Manager of the Year for its excellent performance among other honorary titles. The boon is that it offers both individual, group and corporate investment opportunities in a diverse class of assets.Click here