SoftBank to Acquire US Investment Firm for $3.3bn
SoftBank Group Corp
Tokyo - QNA
SoftBank Group Corp. said Wednesday it will acquire US investment firm Fortress Investment Group LLC for around $3.3 billion as it prepares to launch an international investment fund, according to Japan's News Agency (Kyodo). SoftBank is aiming to tap into the investment know-how of Fortress.
The Japanese telecommunications giant said last October it will launch the $100 billion investment fund with Saudi Arabia's sovereign wealth fund and other potential partners. Other investors are planning to join the acquisition as well.
The percentage of investment by SoftBank will be decided later. The transaction is expected to be completed by December
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SoftBank to Acquire US Investment Firm for $3.3bn
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Bucharest - SANA
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Moscow - TASS
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London - DPA
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Spain - DPA
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Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
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All rights reserved to Arab Today Media Group 2021 ©
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