President-elect met with SoftBank founder Masayoshi Son in Trump Tower
By
RYAN KNUTSON
Updated Dec. 6, 2016 3:37 p.m. ET
SoftBank Group Corp. Chairman and Chief Executive Masayoshi Son said Tuesday he would invest $50 billion in the U.S. and create 50,000 new jobs, following a 45-minute private meeting with President-elect Donald Trump.
The Japanese billionaire, whose conglomerate controls Sprint Corp., announced his investment plans in the lobby of Trump Tower, though he didn’t provide details. Mr. Trump took credit for the investment, saying his November victory spurred SoftBank’s decision.
In an interview, Mr. Son said the money will be coming from a $100 billion investment fund he is setting up with Saudi Arabia’s sovereign-wealth fund and other potential partners.
