Softbank to hire Rajeev Misra from Fortress Investment Group: Report
Japanese telecommunications company Softbank Corp is hiring Rajeev Misra from Fortress Investment Group, Bloomberg reported, citing people close to the matter.
Mr Misra, a former debt-trading executive at Deutsche Bank and UBS AG, joined Fortress Investment Group LLC earlier this year.
Mr Misra, who has not yet left Fortress, plans to relocate to either Silicon Valley or San Francisco from London and will focus on acquisitions, according to the report.
It is not immediately clear what position Mr Misra will hold. SoftBank spokesman Matthew Nicholson declined to comment on the matter while Fortress was not immediately available for comment outside regular US business hours.
Mr Misra will not report to Nikesh Arora, who left Google Inc earlier this year to head SoftBank's internet unit and is responsible for overseeing Web, telecommunications, media and global investment activities, Bloomberg reported.
Earlier in the month, Softbank scored a minority stake in privately held Legendary Entertainment for $250 million to form a joint venture with the Hollywood movie studio.
Softbank also held talks to acquire Hollywood studio DreamWorks Animation, although the discussions had cooled and were unlikely to lead to a deal.
Copyright: Thomson Reuters 2014
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
-
Joining The Dots | Dark Skies, Steady Diya: Why Hope Holds This Diwali
With war, a weak rupee and foreign outflows weighing on sentiment, policymakers at the NDTV World Summit and market veterans at NDTV Profit Ignite: Diwali Edition offered the same advice: stay invested and filter out the noise.
-
The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.
-
Talking Points This Week: AI Cash Burn, A Tiger Comeback And An India That Still Finds Its Own Path
India is not immune to higher oil or tighter global liquidity, yet its earnings base is broader, its domestic policy levers are still available.
-
Foreign Investors Own Half Of HDFC Bank and ICICI Bank. An LTCG Cut Could Matter Most Here
Foreign portfolio investors have US$115 billion parked in HDFC Bank, ICICI Bank. If the government cuts long-term capital gains tax, Jefferies says returning foreign money could land here first.
-
'Never Seen This Level Of Negativity': Sandeep Tandon Says The Next Rally May Be Closer Than You Think
Veteran investor Sandeep Tandon says foreign selling is easing, large-caps are due a comeback and mid-caps are crowded, while he turns positive on gold, power and pharma this Diwali.
-
Indians Stay With Family, Not In Hotels | The Reason Why
India still lacks enough clean, reliable and affordable hotels for budget-conscious travellers.
-
The Economic Imperative: Analysing The Material Driving Force Behind India-Canada Strategic Reset
This economic complementarity is further reinforced by deep institutional investment ties and talent mobility, which form the bedrock of the bilateral framework.
-
Medicine Pricing: Where Must Profit Stop?
India must confront excessive margins, hidden incentives and regulatory gaps that threaten the integrity of medicine.
