Masayoshi Son, the CEO of SoftBank, met the US President-elect Donald Trump. He promised Trump to make an investment of up to 50 billion USD to the US industries.
The Wall Street Journal: When Billionaires Meet: $50 Billion Pledge From SoftBank to Trump
The meeting of the two gigantic businesspersons was realized on Dec 6th, 2016. At the conversation table, Son revealed a plan to invest 50 billion USD in the US. He also suggested the new project of Softbank would create 50,000 new jobs.
It seems fantastic for American people. In reals, the 50 billion USD can be composed of investment to Sprint, an American telecommunication company owned by Son, and some startups which will gain the budget through funding companies. Thus, SoftBank will not need additional expenditure for accomplishing Son’s announcement.
SoftBank gained Sprint in 2013. After that, Son also wanted to buy T-Mobile. But his attempt was interrupted by some US politicians who were worrying that a foreign company would become dominant in the telecommunication industry. The reason Son visited Trump Tower can be a preparation of the retry to gain T-Mobile. As Trump is not friendly to foreign capitals, it is not sure the good relationship between Son and Trump will continue.
My past entry: Softbank’s Challenge
In my sense, Son is a very clever and ambitious man. He canceled resigning the CEO this summer, resulting in the quitting of Nikesh Arora, the promised successor of Son. He is good at reading the latest situation to make a decision. Recently, he bought ARM as the biggest acquisition in Japan.
My past entry: SoftBank gets ARM as the biggest acquisition ever in Japan
I hope SoftBank will also grow in the US. It will be good for American citizens, I believe.