SoftBank Acquires Fortress Investment Group; It is a Marriage of Independence

Fortress has opened branches in Europe and Asia. It was recently acquired by the Japanese giant SoftBank for a sum of $ 3.3 billion. The deal has been finalized, with SBG owning all of the shares of Fortress. The officials of the two companies confirm the deal indicating that all conditions that were to be fulfilled before the acquisition have been met. Fortress shareholders have approved the transaction too. All the required regulatory approvals have also been received. In the new arrangement, SoftBank allowed Fortress to continue with its operations uninterrupted. The company has its assets in a broad range of investment options that SoftBank thinks is added value in its investment portfolio. It also deals in real estate and credit.

Details of the Acquisition

In the transaction, it was agreed that each Fortress Class A share would be converted to the right to receive $8.08 per share. The proceeds of the merger will be awarded according to the procedures of payment that have been outlined in the Definitive Proxy of June 7th, 2017. Consequently, Fortress common shares will be pulled out from the New York Stock Exchange. The financial results of Fortress will be incorporated with the results of the acquiring company. Fortress will operate under SoftBank independently. It will remain with its headquarters in New York. According to the report of the acquisition, Pete Briger, Wes Edens, and Randy Nardone will continue to head Fortress in their present capacity.

 Value Addition

According to the SBG officials, the technology bank is committed to keeping its position as the leader in its class. It also says it is committed to maintaining the business model, personnel, processes, culture and staff that have made Fortress such a successful asset management and investment entity. SoftBank is a major player in the world of technology. It is focused on technology revolution in business. The Group consists of the SoftBank Corporation and its global list of companies which incorporate internet services, Artificial Intelligence, Smart Robotics, clean energy technologies, telecommunications and other similar areas related to technology.

Fortress Investment Group

Fortress Investment Group is an alternative asset management group that was started way back in 1998 as a private equity firm. It picked up because of its savvy choices in investment until it developed into a world entity. Fortress Investment Group has over $43.6 billion of assets under management. It is trusted by over 1750, both public and private clients. Fortress management reports that it had over 953 employees by the end of December 2017. The report further indicates that there are 216 professional investment experts working in its various outlets across the globe. Fortress Investment Group specializes in asset investment, diverse assets including investing in foreclosure properties and assets being disposed of because institutions have declared them unprofitable. It has excelled in alternative asset investment and risk management to the extent that many companies have come to trust it with their assets. Fortress also offers financial services that include financial consulting and fine-tuning company balance sheets. The company also offers advice on documentation, and how to arrive at favorable pricing.

The Story of Joe Arpaio with Michael Lacey and Jim Larkin

Michael Lacey and Jim Larkin began their careers in college, writing a school newspaper in order to provide a liberal contrast to the school’s conservative agenda. After they dropped out, they took a very similar business model with the Phoenix New Times. As most already know, Arizona is a very conservative state; the Phoenix New Times provided a liberal viewpoint while Michael Lacey and Jim Larkin were running it.

Michael Lacey and Jim Larkin have left the Phoenix New Times, and the New Times just isn’t the same paper it used to be. Luckily for fans of Lacey and Larkin, they created a brand new publication: Front Page Confidential. With this paper, Lacey and Larkin have returned to their roots, reporting on political news, civil rights, and other serious topics.

They have also created a charitable fundraiser called The Frontera Fund. The Frontera Fund works closely with the community and dozens of charities. The Frontera Fund spends most of their time working to help the Hispanic community, but they also work with more wide-reaching charities like the ACLU. Read more: Village Voice Media | Wikipedia and Michael Lacey | Crunchbase

These two new organizations were made possible due to a settlement they received from Maricopa County and Joe Arpaio, the county’s sheriff. Joe Arpaio was well-known for his racial profiling, arresting people merely for the color of their skin, but he had never made such a bold attempt to silence the press until he arrested Michael Lacey and Jim Larkin.

The arrest didn’t stand. A judge ruled that Michael Lacey and Jim Larkin had the right to publish certain content in their paper, and Joe Arpaio had no reason to make the arrest. Michael Lacey and Jim Larkin were awarded $3.75 million due to the suffering they endured.

More About Joe Arpaio

Joe Arpaio was first elected to the position as Sheriff in 1992, and immediately began to change the way law enforcement worked in Maricopa County.

Arpaio created what he described as a concentration camp where prisoners were beaten, tortured, and even killed while in custody. This facility was called Tent City, and it was operational for nearly 2 decades.

The same year that Joe Arpaio arrest Michael Lacey and Jim Larkin he made an even bigger mistake: he arrested a Mexican tourist. Mr. Melendres, the tourist, was awarded 70 million dollars, and Joe Arpaio admitted that his reason for making the arrest was racial profiling. Learn more about Michael Lacey and Jim Larkin: http://www.phoenixnewtimes.com/blogs/az-aclu-honors-new-times-founders-jim-larkin-and-mike-lacey-as-civil-libertarians-of-the-year-6500737 and http://www.laceyandlarkinfronterafund.org/about-lacey-larkin-frontera-fund/

After the courts had proof that Joe Arpaio was racist, a judge ordered him to cease the enforcement of United States immigration laws. Joe Arpaio was ordered to stop rounding up illegals, but he ignored this order. Joe Arpaio found himself in contempt of court.

Joe Arpaio’s legal battle finally culminated 10 years later. In the Summer of 2017 Joe Arpaio was finally convicted of criminal contempt of court. Joe Arpaio’s victims wouldn’t have long to celebration though. Donald Trump pardoned Joe Arpaio of all charges and allowed him to run for office again.

Southridge Capital; Investing In The Future

The Southridge Capital CEO and Chairman, Mr. Stephen Hicks, informed the public that Southridge Partners II LP, which is an institutional investor, had been included into the equity purchase agreement with Texas based company from Dallas known as Elite Data Services Inc. The company is one that is involved with technology which uses their software applications for the purposes of advertising and marketing assets which are under the company. They use some top-notch proprietary technology which is mainly aimed at improving advertising and marketing solutions which in turn aid in bringing in more income. They deal with industries such as the gaming, hospitality and automotive industries. According to scribd.com, the company boasts of a huge array of technology within its portfolio which is backed by its resources that aid in content production as well as their great skill in developing software. Elite Data Services is more than capable of providing fresh and innovative means of advertising and marketing forms which have taken over from the previous client base contracts. By doing this, they have raised income as well as securing the value of the assets.

On ideamensch.com, Hick lets us know that he and his firm are passionate about investing in the likes of Elite Data Services that avail fresh and exciting offerings in their respective industries. The company, Southridge Capital, is dedicated at helping clients to be able to reach their desired vision.

Southridge is a financial holding company that is diversified and deals mainly with advisory services as well as in direct investment in companies that are regarded middle and small market companies. The company’s structured finance team, beginning in 1996, has so far invested an excess of 1.8 billion dollars into growing companies from all over the world. Southridge Capital helps the companies to increase the worth of their credit by working alongside the debtors to get rid of the debts for the common good of the stock. The benefits to their clients lies in the company’s structure that is implemented depending on the available amount of liquidity that the stock has without the need of a statement of registration. To learn more, visit southridgeholdingsllc.com.

https://www.prnewswire.com/news-releases/southridge-capital-enters-into-a-5-million-equity-purchase-agreement-with-elite-data-services-inc-300118746.html

Alex Pall bares his soul on the newest single from the Chainsmokers

Alex Pall and Andrew Taggart are two halves of the DJ and production duo known as the Chainsmokers. After a string of hit singles, they released a new track, “Closer,” but what makes this song different from any of their previous work is Alex Pall sings on the track alongside Halsey. Recently, Mathias Rosenzweig sat down with the pair to discuss their music, establishing their identities, and how they plan to grow and change as the music industry evolves.

They talked about how it can take a while for new songs to reach their audiences across the nation and so they only release new content at certain intervals to accommodate that lag. While it is unusual for DJ’s to sing on their own songs, the pair say they make no apologies for providing their own vocals for the song, “Closer.” Because the song is written with them in mind, they felt it only appropriate for Alex to be the one who sang it. When asked about working with Halsey, they had nothing but praise for the 23-year-old singer/songwriter, remarking on her uniqueness and individuality.

They also spoke about how their audience has expanded from 16 to 25-year-olds to an almost universal demographic. They feel very lucky to have such a passionate and dedicated fanbase, and they certainly don’t take it for granted. They also talked about how important it is to keep pushing themselves and trying different things as their careers continue. Additionally, the duo mentioned how they take pride in performing all of their music live as not every artist can say that. And rest assured they’re not going anywhere.

They discussed how a lot of artists take a few years off and then try to make a comeback but it’s just not the same as it was. So they fully intend to remain on the forefront pushing the envelope and experimenting with new styles and forms of music everyday. And we wish them the best of luck in their careers and in their futures. Whatever comes next, we look forward to hearing what kind of music they have in store for us.

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