Soros Fund Management

As Billionaire George Soros Takes Control of 235 Radio Stations, AllSides Offers Path to Protect Media Integrity

Retrieved on: 
Tuesday, February 20, 2024

DENVER, Feb. 20, 2024 /PRNewswire/ -- AllSides Technologies, Inc., a technology solutions company providing balanced news and 1,400 media bias ratings, is providing a solution to radio stations and other news stations suffering from a crisis of integrity as news broke that George Soros' Soros Fund Management would become the largest shareholder in Audacy, Inc., the third largest radio company in the U.S. and owner of 235 radio stations across 48 media markets, months before the 2024 election.AllSides offers technology tools and services to help newsrooms and news consumers combat bias, misinformation and manipulation. Today, AllSides also announced a new service, the AllSides Balanced News Minute™, a daily radio feature that monitors key differences in reporting across national headlines. It will supplement existing AllSides news syndication feeds that offer turnkey, unbiased content to listeners and digital news readers. AllSides Balanced News Minute will be available nationwide starting in Q2 of 2024. Interested parties can contact AllSides at [email protected]

Key Points: 
  • AllSides offers technology tools and services to help newsrooms and news consumers combat bias, misinformation and manipulation.
  • Today, AllSides also announced a new service, the AllSides Balanced News Minute™, a daily radio feature that monitors key differences in reporting across national headlines.
  • It will supplement existing AllSides news syndication feeds that offer turnkey, unbiased content to listeners and digital news readers.
  • After Soros Fund Management acquired Vice News in 2023 and 18 Hispanic radio stations in 2022, critics raised concerns

Paine Schwartz Partners Adds Helis Zulijani-Boye as Managing Director on its Investment Team

Retrieved on: 
Monday, January 8, 2024

NEW YORK, Jan. 8, 2024 /PRNewswire/ -- Paine Schwartz Partners, a global leader in sustainable food chain investing, today announced the addition of Helis Zulijani-Boye as a Managing Director on its Investment Team.

Key Points: 
  • NEW YORK, Jan. 8, 2024 /PRNewswire/ -- Paine Schwartz Partners, a global leader in sustainable food chain investing, today announced the addition of Helis Zulijani-Boye as a Managing Director on its Investment Team.
  • Ms. Zulijani-Boye brings 16 years of investment experience, most recently focused on middle market private and growth equity at Newlight Partners, a spin-out from Soros Fund Management.
  • Kevin Schwartz, Chief Executive Officer of Paine Schwartz Partners, said "Helis has significant experience sourcing, executing and actively managing investments, and we are pleased to welcome her to Paine Schwartz.
  • Ms. Zulijani-Boye commented, "I am thrilled to join Paine Schwartz Partners, a firm with such deep and successful experience investing in the food and agribusiness sector.

QuSecure Selected to Present on Post-Quantum Cryptography Planning and Impact at World Knowledge Forum Next Week

Retrieved on: 
Thursday, September 7, 2023

QuSecure™, Inc., a leader in post-quantum cryptography (PQC), today announced that it has been selected to present in two sessions at the World Knowledge Forum being held in Seoul, South Korea, next week.

Key Points: 
  • QuSecure™, Inc., a leader in post-quantum cryptography (PQC), today announced that it has been selected to present in two sessions at the World Knowledge Forum being held in Seoul, South Korea, next week.
  • The World Knowledge Forum provides a platform for discussing and sharing knowledge to promote balanced global economic growth and prosperity.
  • First, Skip Sanzeri , QuSecure co-Founder and COO will present on “Preparing for The Quantum Threat” to the World Knowledge Forum audience on Sept. 12 from 2:50 pm – 3:30 pm Korean Standard Time (KST) in room Dynasty B.
  • Since then, the World Knowledge Forum has provided a platform for discussing and sharing knowledge to bridge the knowledge gap and promote balanced global economic growth and prosperity.

VICE Media Group Completes Sale to Lenders

Retrieved on: 
Monday, July 31, 2023

BROOKLYN, N.Y., July 31, 2023 /PRNewswire/ -- VICE Media Group today announced the completion of its sale to a consortium of its former lenders (the "Investor Group"), which consists of funds managed by affiliates of Fortress Investment Group LLC ("Fortress"), Soros Fund Management and Monroe Capital.

Key Points: 
  • BROOKLYN, N.Y., July 31, 2023 /PRNewswire/ -- VICE Media Group today announced the completion of its sale to a consortium of its former lenders (the "Investor Group"), which consists of funds managed by affiliates of Fortress Investment Group LLC ("Fortress"), Soros Fund Management and Monroe Capital.
  • "This marks the start of an exciting new chapter for VICE," said Bruce Dixon and Hozefa Lokhandwala, VICE's Co-Chief Executive Officers.
  • "With the support of our Investor Group, we now have the resources to strengthen our business, our partnerships and our content creation across all platforms.
  • VICE Media Group is a multi-platform media company with a global reach of over 400 million people.

Court Approves VICE Media Group Purchase Agreement by Lenders

Retrieved on: 
Friday, June 23, 2023

BROOKLYN, N.Y., June 23, 2023  /PRNewswire/ -- VICE Media Group today announced that the U.S. Bankruptcy Court for the Southern District of New York (the "Court") has approved the previously announced asset purchase agreement ("APA") with a consortium of its lenders (the "Investor Group"). The Investor Group includes Fortress Investment Group, Soros Fund Management and Monroe Capital. Pursuant to the APA, which has been amended, the Investor Group has agreed to provide total purchase consideration of approximately $350 million in the form of a credit bid for substantially all of the Company's assets, in addition to the assumption of significant liabilities upon closing.

Key Points: 
  • Acquisition by Consortium including Fortress Investment Group, Soros Fund Management and Monroe Capital Paves Way for VICE to Continue Serving Audiences, Brands and Partners with Award-Winning Content
    BROOKLYN, N.Y., June 23, 2023 /PRNewswire/ -- VICE Media Group today announced that the U.S. Bankruptcy Court for the Southern District of New York (the "Court") has approved the previously announced asset purchase agreement ("APA") with a consortium of its lenders (the "Investor Group").
  • The Investor Group includes Fortress Investment Group, Soros Fund Management and Monroe Capital.
  • "Following a robust court-supervised process, we are pleased to receive Court approval for this transaction, which we believe represents the best path forward for VICE.
  • VICE Media Group is a global multi-platform media company with a global reach of over 400 million people.

VICE Media Group Enters Into Purchase Agreement with Lender Consortium

Retrieved on: 
Monday, May 15, 2023

BROOKLYN, N.Y., May 15, 2023 /PRNewswire/ -- VICE Media Group today announced that it has agreed to the terms of an asset purchase agreement ("APA") with a consortium of its lenders (the "Lender Consortium"), pursuant to which the Lender Consortium has agreed to purchase the Company, subject to higher and better bids from other parties and to the terms of the APA. The Lender Consortium includes Fortress Investment Group, Soros Fund Management and Monroe Capital, and has agreed to provide total purchase consideration of approximately $225 million in the form of a credit bid for substantially all of the Company's assets, in addition to the assumption of significant liabilities upon closing.

Key Points: 
  • VICE has also obtained commitments for debtor-in-possession ("DIP") financing from the Lender Consortium, as well as consent to use more than $20 million of cash that constitutes the cash collateral of the Lender Consortium.
  • All of VICE's multi-platform media brands, including VICE, VICE News, VICE TV, VICE Studios, Pulse Films, Virtue, Refinery29 and i-D, will continue to produce and deliver award-winning content across platforms.
  • VICE Media Group is a global multi-platform media company.
  • Gibson, Dunn & Crutcher LLP is serving as legal counsel to the Lender Consortium, and Houlihan Lokey is serving as financial advisor.

EQS-News: tokentus investment AG acquires stake in blockchain-oriented financial technology company PolySign

Retrieved on: 
Sunday, January 22, 2023

Frankfurt am Main, 12 January 2023 - tokentus investment AG ("tokentus", ISIN: DE000A3CN9R8; WKN: A3CN9R; symbol: 14D), headquartered in Frankfurt am Main, Germany, acquires EUR 50,000 worth of PolySign shares (www.polysign.io), headquartered in Oakland, California (USA).

Key Points: 
  • Frankfurt am Main, 12 January 2023 - tokentus investment AG ("tokentus", ISIN: DE000A3CN9R8; WKN: A3CN9R; symbol: 14D), headquartered in Frankfurt am Main, Germany, acquires EUR 50,000 worth of PolySign shares (www.polysign.io), headquartered in Oakland, California (USA).
  • PolySign states it is an established operator of a secure and scalable infrastructure for financial institutions and institutional investors, helping them to leverage their digital assets across the value chain.
  • PolySign's core products include a digital asset custody solution through its subsidiary Standard Custody & Trust Company, a New York-regulated custodian.
  • With this strategic investment, we can specifically strengthen our portfolio alongside Qredo, BCB and Ownera with another innovative institutional infrastructure solution and diversify our overall portfolio," said Oliver Michel, CEO of tokentus investment AG.

Allot Board Nominates Cynthia L. Paul to Serve as a Director

Retrieved on: 
Tuesday, November 15, 2022

Ms. Paul served as Chairperson of the Board of Directors of Conexant Systems, LLC, a semiconductor company, from 2013 until 2017.

Key Points: 
  • Ms. Paul served as Chairperson of the Board of Directors of Conexant Systems, LLC, a semiconductor company, from 2013 until 2017.
  • Ms. Paul joined SFM in 2000 and served as a SFM representative for the Council on Foreign Relations and on SFM's Investment Committee.
  • Ms. Paul is an advisory board member and former board member of AlphaSense Inc., a SaaS company providing intelligent search to enterprise customers.
  • "We are extremely pleased that Ms. Paul has accepted our nomination to be appointed to the Company's Board of Directors," said Yigal Jacoby, Allot's Chairman of the Board.

Raven SR Board Elects Two New Directors from Ascent Fund and Chevron

Retrieved on: 
Thursday, October 27, 2022

PINEDALE, Wyo., Oct. 27, 2022 /PRNewswire/ -- Raven SR Inc. ( Raven SR ), a renewable fuels company, announced today the election of Mark Gordon of Ascent Fund and Michael Hoban of Chevron New Energies to its Board of Directors.

Key Points: 
  • PINEDALE, Wyo., Oct. 27, 2022 /PRNewswire/ -- Raven SR Inc. ( Raven SR ), a renewable fuels company, announced today the election of Mark Gordon of Ascent Fund and Michael Hoban of Chevron New Energies to its Board of Directors.
  • Gordon succeeds David Wu, co-founder and president of Ascent Fund, and Hoban succeeds Michael Ruddock, hydrogen business development manager at Chevron.
  • Ascent Fund and Chevron are strategic investors in Raven SR, a privately held U.S.-based company developing renewable fuels projects around the globe.
  • Using its proprietary, non-combustion, non-catalytic "Steam/CO2 Reformation" technology, Raven SR dependably produces a hydrogen-rich syngas regardless of feedstock utilized.

Forester Capital Enters into Strategic Partnership with Agata Dornan of Chepstow Lane

Retrieved on: 
Friday, September 9, 2022

Forester Capital, an alternative investment platform, will make a strategic investment into the flagship fund of Chepstow Lane Capital LLP, a European-focused, opportunistic credit manager.

Key Points: 
  • Forester Capital, an alternative investment platform, will make a strategic investment into the flagship fund of Chepstow Lane Capital LLP, a European-focused, opportunistic credit manager.
  • We believe that the dislocation in European credit markets is a strong tailwind for Agata and Chepstow Lane.
  • Including this investment in Chepstow Lane, Forester will have invested approximately $775 million across 15 strategic managers.
  • Founded by Agata Dornan, Chepstow invests primarily through identifying and exploiting opportunistic and idiosyncratic credit situations in European corporates and financial institutions.