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December 06, 2016

Japanese Firm SoftBank Promises $50 Billion in Investment in America, Likely Generating 50,000 Jobs, After Meeting with Trump

According to The Wall Street Journal, Son told reporters at Trump Tower that the investment would come from a $100 billion fund created in partnership with the Saudi Arabia sovereign-wealth fund and other investors.
SoftBank in October announced a $100 billion tech fund with the Saudis called the SoftBank Vision Fund. The fund had not detailed where it would invest.

Details about the jobs or what sort of businesses the fund would invest in were not announced. But Son showed reporters a PowerPoint slide signed by Son and Trump with the vague numbers.

Shortly after the meeting, Trump tweeted the details of the agreement and said the deal never would have been done "had we (Trump) not won the election."

Allahpundit writes that this is probably to buy goodwill for a purchase of T-Mobile they're eyeing but may be blocked by the government on anti-trust grounds.

Well, you can't spell "propaganda victory" without "victory."

posted by Ace at 06:12 PM

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According to The Wall Street Journal, Son told reporters at Trump Tower that the investment would come from a $100 billion fund created in partnership with the Saudi Arabia sovereign-wealth fund and other investors. SoftBank in October announced a $100 billion tech fund with the Saudis called the SoftBank Vision Fund. The fund had not detailed where it would invest. Details about the jobs or what sort of businesses the fund would invest in were not announced. But Son showed reporters a PowerPoint slide signed by Son and Trump with the vague numbers. Shortly after the meeting, Trump tweeted the details of the agreement and said the deal never would have been done "had we (Trump) not won the election." Allahpundit writes that this is probably to buy goodwill for a purchase of T-Mobile they're eyeing but may be blocked by the government on anti-trust grounds. Well, you can't spell "propaganda victory" without "victory." posted by Ace at 06:12 PM \| Access Comments <script language="javascript" src="http://adserver.adtechus.com/addyn/3.0/5235/1131537/0/170/ADTECH;loc=700;cookie=info;target=_blank;key=key1+key2+key3+key4;grp=[group]"></script><noscript><a href="http://adserver.adtechus.com/adlink/3.0/5235/1131537/0/170/ADTECH;loc=300;key=key1+key2+key3+key4;grp=[group]" target="_blank"><img src="http://adserver.adtechus.com/adserv/3.0/5235/1131537/0/170/ADTECH;loc=300;key=key1+key2+key3+key4;grp=[group]" border="0" width="300" height="250"></a></noscript>	Recent Comments IrishEi: ">>> because he had people like John Solomon and Sa ..." micky: "Jan Hook as Tammye Faye was hilarious in a torrent ..." BignJames: " The stuff is dangerous. Deadly even. Posted by ..." Daddy, why do muffin pans have 12 spaces instead of five?: "Tango hahahaha ..." Rick67: "I will cut Macron slack for this. Partly because p ..." 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