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posted by on Wednesday December 07 2016, @03:53PM   Printer-friendly
from the what-are-they-buying-for-that-sum? dept.

SoftBank Group Corp. Chief Executive Officer Masayoshi Son told President-elect Donald Trump he would create 50,000 new jobs in the U.S. through a $50 billion investment in startups and new companies.

The money will come from SoftBank's previously announced $100 billion technology fund, according to a person familiar with the matter. That investment vehicle has a $45 billion commitment from the government of Saudi Arabia and $25 billion from Tokyo-based SoftBank, which operates technology and wireless companies around the world.

[...] Some investments from SoftBank's fund, which was unveiled in October, were probably destined for the U.S. anyway, given the nation's leadership in the global technology industry. But Son hadn't previously committed to creating a specific amount of jobs through the investment vehicle.

More coverage from Washington Post and Reuters.


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  • (Score: 5, Informative) by Anonymous Coward on Wednesday December 07 2016, @05:44PM

    by Anonymous Coward on Wednesday December 07 2016, @05:44PM (#438439)

    The great thing about Trump was that he was on every side of just about every issue during the campaign.
    But now that his job requires him to do more than just talk, everything he does will be hypocritical.

    And it won't make a shred of difference. The people who saw through his talk will see through his hypocrisy. While the people who worship their god emperor and enjoy the delicious taste of liberal tears don't have any position more coherent than politics as a team sport where winning elections is the only goal.

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