{"id":56594,"date":"2017-02-15T10:05:49","date_gmt":"2017-02-15T15:05:49","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=56594"},"modified":"2017-02-15T09:49:55","modified_gmt":"2017-02-15T14:49:55","slug":"softbank-to-buy-fortress-investment-for-3-3bn","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/02\/2017\/softbank-to-buy-fortress-investment-for-3-3bn.html","title":{"rendered":"SoftBank to Buy Fortress Investment for $3.3bn"},"content":{"rendered":"

\n(Reuters) Japan’s SoftBank Group Corp on Wednesday said it has agreed to buy Fortress Investment Group LLC for about $3.3 billion, looking to add investment expertise as it prepares to launch the world’s largest private equity fund. The all-cash deal is SoftBank’s first major cash injection in an investment fund and represents another unpredictable gambit for a group that has to date focused on telecoms and technology.<\/p>\n

It comes after founder Masayashi Son made the surprise announcement in October that SoftBank is teaming up with Saudi Arabia to set up a $100 billion technology fund.The Fortress deal will likely help SoftBank in its move to financing investments with private equity cash instead of debt, said Gerhard Fasol of Eurotechnology Japan, a Tokyo-based consultancy.<\/p>\n

To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

(Reuters) Japan’s SoftBank Group Corp on Wednesday said it has agreed to buy Fortress Investment Group LLC for about $3.3 billion, looking to add investment expertise as it prepares to launch the world’s largest private equity fund. The all-cash deal […]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-56594","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/56594","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=56594"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/56594\/revisions"}],"predecessor-version":[{"id":56595,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/56594\/revisions\/56595"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=56594"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=56594"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=56594"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}