Softbank is one of the world’s biggest technology companies and is run by its founder, Japanese entrepreneur Masayoshi Son. he must obviously be a pal of the Trump too has previously acquired Vodafone’s Japanese operations and the US telecoms company Sprint. The $20bn deal was the biggest foreign acquisition by a Japanese firm at the time.
Mr. Trump met Mr. Son for 45 minutes at Trump Tower in New York on Tuesday and praised him as “one of the great men of industry,” investors concluded SoftBank might have better luck with the new administration.
Shares of the Japanese internet and telecommunications giant rose 6.2% in Tokyo on Wednesday (07/12/160 and closed at their highest in more than a year. The gains added more than $4 billion to the company’s market capitalisation.
Mr. Son said after meeting with Mr. Trump that he would invest $50 billion in the U.S. and create 50,000 new jobs. While details of the plan remain unclear, Mr. Son said he planned to invest in startups, and said the money would come from a $100 billion investment fund he plans to start soon with Saudi Arabia’s sovereign-wealth fund and other partners.
More big money investments for America that look to secure over 50,000 jobs by the end of it. This figure doesn’t include spin off jobs. is The Donald backing up what he has promised his voters?
TECHstance 