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BerichtGeplaatst: 15-06-2018 07:59:01    Onderwerp: and conditions such Reageren met citaat
TOKYO, Feb. 15 (Xinhua) -- SoftBank Group Corp. announced Wednesday it will acquire U.S. investment company Fortress Investment Group for 3.3 billion U.S. dollars as the Japanese tech conglomerate continues to expand its foreign acquisitions by stepping into the investment fund market.


The actual investment percentage for the acquisition has not been decided yet, SoftBank said, adding that there were other investors also involved in the takeover deal.


Fortress Investment Group's senior managers will be kept on to maintain the firm's fund performance, SoftBank said, adding Fortress will remain based in New York.


The acquisition will be completed by December, the Japanese telecommunications and internet firm said in a statement Wednesday.


"Fortress' excellent track record speaks for itself, and we look forward to benefiting from its leadership, broad-based expertise and world-class investment platform," SoftBank's Chief Executive Officer Masayoshi Son said in a statement.


"We join a company with tremendous scale and resources, and a culture completely aligned with our focus on performance, service and innovation," Fortress'co-chairmen were quoted as saying for their part, in a joint statement which also lauded Son as being a "visionary."


SoftBank, based in Tokyo, was the first carrier in Japan to offer Apple's iPhone and the Japanese telecom giant now owns U.S. carrier Sprint, as well as stakes in some 1,000 companies including Yahoo! Japan and Alibaba.


The company was founded in 1981.




GUIYANG, July 4 (Xinhua) -- At least one person has been killed and another 10 are missing after torrential rain hit southwest China's Guizhou Province, local authorities said on Monday.


Heavy rain has hit more than 100 townships in the province since early Sunday, affecting about 79,000 people, according to the provincial flood control and drought relief headquarters.


Nearly 30,000 people have been relocated while 184 houses were toppled. Direct economic losses have been estimated at 330 million yuan, the headquarters said.


The only death reported was in Zhenfeng County. Seven villagers went missing after a rain-triggered landslide occurred in Wanshan District of Tongchuan City at 2 a.m. Another three people were reported missing after heavy rain flooded their homes.


Further rescue work is under way.


China's meteorological authority renewed its orange alert for heavy rain in the south and southwest of the country on Monday, saying heavy rain will hit the provinces of Anhui, Jiangsu, Hubei, Jiangxi, Hunan and Guizhou, and Guangxi Zhuang Autonomous Region until Tuesday morning, with precipitation reaching 200 millimeters in some areas.


China has a four-tier color-coded system for severe weather, with red being the most serious, followed by orange, yellow and blue.

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DOHA, May 5, 2016 (Xinhua) -- Ahmed Al Sadi (L) of Qatar's Lekhwiya vies with Shakhzodbek Nurmatov of Uzbekistan's FC Bunyodkor during the AFC Asian Champions League group B football match at Lekhwiya stadium in Doha, Qatar, May 4, 2016. The match ended 0-0. (XinhuaNikku)



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