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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: 2) by Thexalon on Thursday December 08 2016, @02:52PM

    by Thexalon (636) on Thursday December 08 2016, @02:52PM (#438735)

    I didn't get played - you only count as getting played if you actually believed anything Trump said about fighting the establishment, draining the swamp, etc. And for the record, I was part of the approximately 25-30% of Americans who had an unfavorable view of both major party candidates.

    Trump really only wants 2 things:
    1. More money.
    2. Love and respect. He hasn't ever really gotten this, as best as I can tell, and is too dumb to realize that the reason he doesn't get this is because he's a complete selfish jerk to everybody around him.

    --
    The only thing that stops a bad guy with a compiler is a good guy with a compiler.
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