Fortress Investment Group LLC

Lenders oppose American broadband company LightSquared's new financing arrangement

Some of LightSquared's lenders, including US Bank and MAST Capital Management,are against its decision to seek a new financing arrangement with Fortress Investment Group as part of its bankruptcy exit plan.

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Philip Falcone's Harbinger asks bankruptcy court to reject Dish's bid for LightSquared

Harbinger Capital Partners, controlled by American investor Philip Falcone, has asked the US Bankruptcy Court in Manhattan to reject Dish Network Corp.'s $2.2 billion takeover bid for bankrupt satellite firm LightSquared Inc.

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Beleaguered LightSquared to receive up to $2.5B financing sponsored by Fortress

LightSquared, which has been in bankruptcy last year, may get $2 billion to $2.5 billion in financing backed by Fortress Investment Group. JPMorgan Chase & Co. in talks with lenders, who would need to commit by January 8.

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Centerbridge Partners to take over LightSquared for $3.3 billion

Private equity firm Centerbridge Partners will pay $3.3 billion and assume about $1.7 billion in debt should it acquire bankrupt telecommunications company LightSquared Inc. Centerbridge and LightSquared were said to have reached a tentative takeover deal.

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News Corp sells 33 local newspapers for an undisclosed amount - report

News Corp. sold 33 local newspapers of its newspaper portfolio to Fortress Investment Group LLC.

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