SoftBank CEO Tells Trump He’ll Invest $50 Billion in Startup
- Pledge said to be from $100 billion tech fund with Saudis
- President-elect says investment will create 50,000 jobs
Trump Tweets That SoftBank Will Invest $50B in U.S.
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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.