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