It is good to have confidence in one’s business partners. This helps to maintain trust and mutual respect between partners in a business arrangement. Nothing is more important than this when it comes to a business merger. Luckily, for SoftBank Group it is confident in the track record of its latest acquired company, Fortress Investment Group.
Masayoshi Son, CEO and Chairman of SoftBank said that he was attracted to Fortress Investment Group due to Fortress’s previous track record. Fortress will bring a wealth of knowledge, experience and expertise in the area of investment. This will be a valuable asset for SoftBank as it continues to expand and revolutionize how information is utilized in business and by consumers.
Fortress Investment Group is the perfect acquisition in that it fits right into SoftBank’s already-existent plans for expansion and growth. SoftBank plans to utilize Fortress’s resources to help facilitate its transformation strategy, which Son refers to as “SoftBank 2.0″. The transformation strategy consists of smart investment decisions, top-notch execution which the company hopes will result in long-term and sustainable growth for the business.
On the other end of the deal, Pete Briger and Wes Edens, Fortress co-Chairmen, also have mutual confidence and respect for SoftBank as a company. They knew that merging with SoftBank would be a smart move due to Son’s strong leadership which they described as “visionary.” The two Chairmen of Fortress are also excited to join SoftBank due to its large scale and deep resources. Additionally, they remarked on SoftBank’s focus on innovation, service and performance.
The agreement between the two companies will result in SoftBank purchasing outstanding shares of Fortress Investment Group for $3.3 billion in cash, which is $8.08 per share. SoftBank will reflect financial results from Fortress in all of SoftBank’s financial statements following the completion of the acquisition in late December 2017.
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When navigating through the world of investments and asset management, you cannot fail to mention Peter Briger. Peter Briger is the Chief Executive Officer of Fortress Investment Group. Other than that, Mr. Briger also applies his unique set of skills on Fortress’ Board. Furthermore, Mr. Briger is part of Fortress Investment Group’s Management Committee. His roles at Fortress involve managing the real estate and credit business department. He oversees operations in those departments and ensures everything is running smoothly.
Mr. Briger is an alumnus of Princeton University from where he graduated with a Bachelor of Arts Degree. Peter also earned an MBA from the University of Pennsylvania, Wharton School of Business. Peter Briger sharpened his skills in the field by working at Goldman & Sachs. Goldman & Sachs is multinational investment banking and financial services firm that is based New York, United States of America. The company specializes in investment management, securities, and asset management. Peter joined the firm in 1987 and became a partner in 1996.
It was 2002 that Mr. Briger left the firm and joined Fortress InvestmentGroup. Other than playing a critical role in helping Fortress grow and expand, Peter Briger also plays active roles in other firms and organizations. For instance, he is a board member of Tipping Point Community. This is a non-profit organization that seeks to help and changes the lives of low-income families in San Francisco, United States of America. Other than that, Mr. Peter Briger skills are incorporated in the running of an American media channel known as CNBC. At CNBC, Peter serves as an advisory board member.
Fortress Investment Group is an American firm that mainly deals with managing alternative assets, mostly private equity, for their clients. The firm also deals in other areas in the corporate world like capital markets, operations management, corporate mergers and acquisitions and much more. The company was started by Rob Kauffman, Randal Nardone, and Wesley Edens. Over the years, the firm has been nothing but a trendsetter in the industry. By 2016, it is estimated that the company had handled assets amounting to over $70 billion.
The American Institute of Architects gave Robert Ivy the Noel Polk Lifetime Achievement Award in June of 2018 at the Mississippi Institute of Arts and Letters. Robert Ivy serves as vice president and chief executive officer at the American Institute of Architecture and is the first recipient who works as an architect. The award grants artists whose work is deserving of praise and recognition. Ivy as well as the stained-glass artist, Andrew Cary Young will be recognized. Robert Ivy is an author, editor and practicing architect. He is also a native of Mississippi, further proving his eligibility for the award that honors both personal and professional local achievement.
Many people view Ivy as an essential fixture in promoting architectural development in the state of Mississippi. His book, “Fay Jones: Architect,” was published in 2001 and is now reaching its third edition. It tells the story of a determined artist who is striving to fill the shoes of an acclaimed architect. Before working with the American Institute of Architects, Robert Ivy was editor in chief for McGraw-Hill’s “Architectural Record,” which received the National Magazine Award for general excellence. He also led design and construction media during the magazine’s growth in China. He launched a Mandarin version of the publication as well as one in the Middle East.
Since Ivy joined in 2011, the American Institute of Architecture has grown tremendously; they have their highest membership count ever in the history of their development. In 2010, Ivy was given a prestigious honor by national architecture fraternity Alpha Rho Chi, and he received the Dean’s Medal from the University of Arkansas Fay Jones School of Architecture. Other recipients of the Polk Award include the actor, Morgan Freeman, Walter Anderson who is an artist, and the singer Leontyne Price. Ivy works to make architecture more accessible to people, even as a writer and commentator he strives to give architecture a worldwide platform.
Jeff Yastine’s take on Cybersecurity.
Jeff Yastine works at the Banyan Hill Publishing. He worked for the firm as an editorial director. He presently works as the editor of the Total Wealth Insider. Before joining the publishing firm, Jeff worked as a financial journalist. He was also a stock market investor before joining Banyan Hill. He also owns a Bachelor of Arts degree in telecommunications from the University of Florida. He was employed as a TV presenter shortly after. He is a resident of Delray Beach, Florida.
Jeff as always made it open that he detests touching stories concerning the state’s politics. He has recently discussed how people can make a living off cybersecurity. Cybersecurity has become a field whose financial investments grow day in day out. Jeff also talks about his experience of seeing the stock market prices of cyber security firms increase drastically within very short periods of time. Visit stockgumshoe.com to know more.
The significant investment put into ensuring cyber security is highly costing the federal government. Almost $15 billion has been budgeted for to cover cybersecurity. The allocation of such an amount of money has been a clear indication of how crucial the matter is to the White House. Jeff Yastine suggests that this is just but the beginning of a large amount of money being invested into cybersecurity.
Mr. Yastine had worked as a national correspondent. With his experience in the field, he could identify lucrative investment opportunities. The companies he had spotted ended up as giants in the stock market business.
Cybersecurity has led to a lot of rules being impelled on government contractors by the government. All businesses and contracts are mandated to meet all the required regulations. These rules are also applicable to every individual who applies for loans from the government.
Ins number of states, there is not as much spending towards cybersecurity. Some corporates have not increased the money set aside for cybersecurity at all. The few who have increased their spending on the matter have done so by minimal margins, usually not exceeding 2%. Contrary to this, some companies have embraced the urgency of ensuring cybersecurity. They have increased their investment on the issue by a very large margin; almost by 10% of their previous spending.
The government is also in a plight to ensure elections are securely conducted by providing all the cybersecurity regulation are met. To ensure this, the government together with the public have passed a bill to come up with a $386 million program. A $1billion bill was put through by the Democrats to go towards cybersecurity during the elections. Jeff, however, stated that this second bill was very likely to be disapproved by the government. Visit the website jeffyastineguru.com to learn more.