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Re: None

Thursday, 01/03/2019 2:35:30 PM

Thursday, January 03, 2019 2:35:30 PM

Post# of 4031
And further, With Fortress Investment Group out of the picture

Who is going to fund these lawsuits??? maybe Harvey Weinstein..


On February 14, 2017, SoftBank Group agreed that in the future it would buy Fortress Investment Group LLC for $3.3 billion.[15][16] The SoftBank acquisition was completed in the last week of December, for $3.3 billion to SoftBank Group Corp.[17]

In the wake of the Harvey Weinstein sexual assault scandal, in late October 2017, it was reported that Fortress Investment Group was in talks to provide a loan to Weinstein Co.[18] In December 2017, Fortress Investment Group loaned $100 million to the medical startup Theranos. Theranos had reportedly been on the verge of bankruptcy, with the loan to keep them solvent through 2018.[19][20][21] At the time, Fortress also had "underdog" bets in a private passenger rail line in Florida.[20] By January 3, 2018, however, the company had divested itself of Florida East Coast Railway and Logan Circle Partners.[20] It remained the parent company of the Brightline passenger rail in Florida, however, which is the only privately owned and operated passenger railroad in the United States.[22] On January 3, 2018, it was reported that Fortress was nearing a deal to sell its stake on OneMain to Apollo Global Management.[17] The agreement was announced on January 5, with Varde Partners also taking part in the purchase.[23]