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Trump: Softbank agrees to invest $50B in US Trump: SoftBank agrees to invest $50B in US 58 Mins Ago | 02:59 Donald Trump said on Monday that Japan's SoftBank agreed to invest $50 billion in the U.S., aiming to create 50,000 jobs. He announced the deal after meeting with SoftBank CEO Masayoshi Son, a Japanese billionaire and technology investor, at Trump Tower in New York. On Twitter, Trump claimed that Son said he "would never do this" if Trump had not won the presidential election. The $50 billion will come from a $100 billion investment fund set up with Saudi Arabia, according to Dow Jones
SoftBank owns about 80 percent of telecom company Sprint and bought British chipmaker ARM Holdings earlier this year. Son told reporters in New York that he arranged the meeting with Trump and likes him "very much."
The $50 billion will come from a $100 billion investment fund set up with Saudi Arabia, according to Dow Jones.
originally posted by: gortex
The $50 billion will come from a $100 billion investment fund set up with Saudi Arabia, according to Dow Jones.
All good there.
The investment will come through acquisitions so how that will lead to 50,000 jobs remains to be seen.
Not sure this is a reason to celebrate but as there are no details who knows what the deal involves.
originally posted by: ugmold
a reply to: matafuchs
I'm sure there is some "Fine Print" somewhere. Remember how good it was when Reagan "Let the Bulls Run" and reversed the Tax code on little ol you and me? Worked for a couple of years and it is now Our nightmare.I'm sure this will be the same, if it works at all.
Now the insults...