Posted on 12/06/2016 12:24:03 PM PST by Enlightened1
SoftBank Group Corp. Chairman and Chief Executive Masayoshi Son said Tuesday he would invest $50 billion in the U.S. and create 50,000 new jobs, following a 45-minute private meeting with President elect Donald Trump. The Japanese billionaire, whose conglomerate controls Sprint Corp., announced his investment plans in the lobby of Trump Tower, though he didn’t provide details. Mr. Trump took credit for the investment, saying his November victory spurred SoftBank’s decision.
In an interview, Mr. Son said the money will be coming from a $100 billion investment fund that he is setting up with Saudi Arabia’s sovereign-wealth fund and other potential partners.
SoftBank has made investments in the U.S. in the past, including paying $22 billion for about 80% of Sprint in 2013. Last year, SoftBank also led a $1 billion investment round in San Francisco-based online lender Social Finance Inc.
Mr. Son’s initial plan was to merge Sprint with T-Mobile US Inc. to take on market leaders AT&T Inc. and Verizon Communications Inc., but he abandoned the effort after regulators signaled they would reject the plan. Some investors and analysts have said he could make another attempt after the election and when a new chairman is appointed to the Federal Communications Commission.
On Tuesday, Mr. Son declined to comment about his current interest in T-Mobile. Mr. Son said he had set up the meeting with Mr. Trump and that he likes him “very much.”
(Excerpt) Read more at wsj.com ...
No, under Hillary, there would have been a $1 billion donation to the Clinton Foundation and a US Government contract awarded to the donators worth $50 billion.
Saw the announcement on Fox - the guy was grinning and looking at Trump as if he was in awe of the man.
You can already see how the MSM will spin this, but I won’t print it out here.
Boring.
Yawn.
Bring it.
Japan Inc. knows it must invest here. They have a dying population. We have immigration, hopefully more and more legal soon.
On the other hand, Japan has made some outstanding products and we need to on-shore their designs and processes.
Sounds like the investment will be in venture capital (start-ups).
I have to say it guys.. I don’t know if it is wise for the POTUS to be making individual deals like this. Of course, I don’t know what he is promising them, but I am a bit uneasy. I have my flame retardant suit on.
“This would have NEVER HAPPENED under Hillary.”
It would have. Hitlery will bribe and threaten them first...
At last! A President who can exude power and generate respect once more for the USA!
Remind me - how many more days must we endure Mr. Sissy-Pants in the oval office? Let see: 31-5 = 26 December days; + 20 days in January = 46 days. Beginning to seem authentic.
Great Again bump !!!
Yep
Oh yeah so you believe Japan would have invested here anyway with a tryrant like Hillary???
Your smoking that Hitlery cult dope. Yeah, yeah that’s the ticket Softbank would have come anyway.
Is that DNC defense of this?
Hahaha!!!!
Un-conventional...BUT.....refreshing!
Trump has already created more jobs than Obozo.
Yeah baby !!!
Crony capitalism! Terrible! LOL.
I remember an interview of Senator Inhofe back when billyjeff was in the white house. He said that businesses were begging them for protection from the clintons.
I have to say it guys.. I don’t know if it is wise for the POTUS to be making individual deals like this. Of course, I don’t know what he is promising them, but I am a bit uneasy. I have my flame retardant suit on.
Trump is just shaping the battlefield. No worries.
hahah, no way would this have happened with a PEOTUS Hillary!
FIFTY THOUSAND JOBS ... plus ELEVEN HUNDRED .. how many at Ford? Not a bad start for an unfit, incompetent clown who doesn’t know what he’s doing, eh?
I guess what I love best of all with the criticisms of Trump is that so much of it comes from young schmucks living in a 1 room walkup in Queens. THEY know everything!
wow. Thank God that traitorous hag is out of office
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