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The Latest Breaking News from Fortress Investment Group

Fortress ups takeover bid for hospitality chain Loungers to £354m

Fortress Investment Group said it has now made a 325p-per-share offer to buy the group after pushback from investors.

The Independent UK

Loungers strikes deal to be bought by US investment firm for £338m

Fortress Investment Group said it has made an offer for the UK hospitality group through a newly-formed investment vehicle.

Evening Standard

Cosy Club owner Loungers strikes deal to be bought by US investment firm

The company currently operates 262 sites in England and Wales

The Independent UK

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Imagination shifts AI strategy and abandons NPUs — company secures $100M in financing

Imagination shifts AI focus from NPUs to GPUs and gets funding.

Tom’s Hardware

Sega Sammy Sells Seagaia Resort Complex To Fortress Investment Group

Sega Sammy sells Seagaia resort to Fortress Investment Group, refocusing on video game industry strengths. Strategic move in the entertainment sector.

Top News

Is the US media layoffs phenomenon the next housing crisis?

The media sector’s challenges amplify shadow banks’ toll on the US economy and mirror the 2008 housing crisis.

Al Jazeera

Intel Wins Appeal on VLSI Case, $2.18B Judgement Reversed

A U.S. appeals court on Monday overturned a 2021 patent infringement ruling against Intel that awarded patent holding company VLSI $2.18 billion over multiple patent violations. In a two-part decision, the court reversed a previous verdict that found that Intel violated a frequency management patent, while affirming the violation of…

AnandTech

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Bankruptcy Court Approves Vice Media Sale to Lenders

The lenders acquiring Vice include the Fortress Investment Group, Soros Fund Management and Monroe Capital

TV Tech

Vice Media files for Chapter 11 bankruptcy

It marks a significant fall from grace from what was one of the most highly-valued media startups.

Axios

U.S. investment fund eyes Sogo & Seibu

U.S. investment fund Fortress Investment Group LLC has obtained a preferential negotiation right to purchase major department store chain Sogo & Seibu Co., The Yomiuri Shimbun has learned.

The Japan News/Yomiuri

Partners Group To Acquire US Rental Homes For $1B: Bloomberg

Asset manager Partners Group Holding AG (OTC:PGPHF) has agreed to buy rental houses owned by Fortress Investment Group for $1 billion, Bloomberg reported. The deal includes more than 2000 new-build homes operated by Kairos Living and about 1,000 homes in contract. The houses are located in the U.S. Sun Belt, and cities such as…

Benzinga

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