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Softbank to Invest $50 Billion in the US

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

An Anonymous Coward writes:

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.

Original Submission

 
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  • (Score: 2) by rondon on Thursday December 08 2016, @01:40PM

    by rondon (5167) on Thursday December 08 2016, @01:40PM (#438716)

    Do you dispute anything Linkdude said, or are you just changing the subject because he is right?

    I don't support The Donald, but I do support discourse that furthers Soylent and the knowledge of Soylentils. Your post does not further that goal, while Linkdude's (if it is true) did.

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  • (Score: 0) by Anonymous Coward on Thursday December 08 2016, @02:27PM

    by Anonymous Coward on Thursday December 08 2016, @02:27PM (#438728)

    > Do you dispute anything Linkdude said, or are you just changing the subject because he is right?

    I dispute everything he said because its barely more than rambling incoherent nonsense.
    When one person in the debate goes full crazytown, the debate is already over, there's nothing left but to point and laugh.
    Nothing linkdude wrote "furthers the goal" of anything but enabling linkdude to let off the mental pressure of his cognitive dissonance.

    On the other hand. pointing out trump's insanely disproportionate response to criticism that is (a) accurate and (b) completely to be expected from someone who has spent 30 years working on behalf of his fellow union members shows just how incompetent trump is and why trusting anything he does with respect to jobs is foolhardy.