SoftBank Investing $50 Billion in U.S., Trump Says

December 7, 2016 |Mergers & Acquisitions

Sprint majority owner SoftBank committed to invest an additional $50 billion in the U.S. and to create 50,000 jobs in the country, President-elect Donald Trump said Tuesday. Trump announced the investment plan via Twitter after a meeting with SoftBank CEO Masayoshi Son, who Trump said told him he “would never do this had we (Trump) not won the election!” SoftBank previously planned a $100 billion tech-centric investment fund in partnership with Saudi Arabia-based interests. SoftBank didn't comment.