Trump announces $50 billion investment in US by Softbank
Trump announces that SoftBank’s CEO, Masayoshi Son, has agreed to invest $50 billion in U.S. which will create 50,000 new jobs. Son says the money would be invested in startups in the U.S. He and will come from a $100 billion investment fund he set up with Saudi Arabia. Trump:
This is Masa of Softbank from Japan, and he’s just agreed to invest $50 billion in the United States and 50,000 jobs. And he’s one of the great men of industry. He’s one of the truly great men.
Masa said he would never do this had we (Trump) not won the election!
— Donald J. Trump (@realDonaldTrump) December 6, 2016
Sprint, Softbank invest at $250m valuation
Sprint and parent SoftBank buy a minority stake in Jay Z’s subscription music service. While the size of the investment couldn’t be learned, sources said the deal values Tidal at around $250 million. At the launch event, Tidal’s chief investment officer, Vania Schlogel, said the service had been working closely with Sprint’s CEO. Sprint is preparing to offer Tidal’s service on its phones although the details and the pricing are unclear.