SoftBank Japan, known for its investment in technology, robotics purchases newspaper company Gatehouse Media
SoftBank Group Corp., the Japanese multi-national that also owns Sprint, has purchased Gatehouse Media, including over 500 weekly and daily newspapers. GateHouse is owned by New Media Investment Group, in turn managed by an affiliate of Fortress.
The acquisition will give SoftBank that company’s investments in New Media and FHC Property Management LLC, a senior living property management business. SoftBank is known for its investment in the technology industry, including in the robotics and internet sectors.
Purchasing a chain of US weekly and daily newspapers seems out of step for a Japanese bank, but the purchase may in part have been prompted Read full story ›
Source: The Drum
