SoftBank's Son Tells Trump of Plan to Invest $50 Billion in US (News)


New York, Dec. 6 (Jiji Press)—SoftBank Group Corp. Chairman and CEO Son Masayoshi told US President-elect Donald Trump on Tuesday that the Japanese Internet and telecommunications giant will invest $50 billion, chiefly in startups, in the United States.

"Masa . . . has agreed to invest $50 billion in the U.S. toward businesses and 50,000 new jobs," Trump tweeted after his meeting with Son at the Trump Tower skyscraper in New York, which includes his residence.

The money is part of a previously announced $100 billion international investment fund that SoftBank is setting up with a Saudi Arabian sovereign wealth fund.

[Copyright The Jiji Press, Ltd.]

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