SoftBank Pledges to Invest $50 Billion in US After Meeting With Trump

President-elect Donald Trump stands with SoftBank Group Corp. founder and Chief Executive Officer Masayoshi Son in the lobby of Trump Tower on December 6, 2016 in New York. / AFP / TIMOTHY A. CLARY (Photo credit should read TIMOTHY A. CLARY/AFP/Getty Images)

President-elect Donald Trump announced a new deal with CEO of Japan’s SoftBank.

After meeting with SoftBank CEO Masayoshi Son, Trump informed that Son plans to invest $50 billion in the United States and to create 50,000 jobs.

“He’s one of the great men of industry, so I just want to thank you very much,” Trump said, speaking to reporters and to Son in Trump Tower’s lobby. Son was holding up a PowerPoint slide with details of their announcement.

The CEO, who is a billionaire technology investors, told the reporters that the money that will be invested in startups comes from a $100 billion investment fund from his collaboration with Saudi Arabia.

Trump also informed on Twitter about this, saying: “Masa said he would never do this had we (Trump) not won the election!”

Son said about Trump that he liked him “very much.”

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Source: Fortune