Whats New?

Early signs point to another victory for Trump with the $50 billion Softbank deal

Softbank Chief Executive Masayoshi Son has announced he will invest $50 billion in the United States under a Trump administration.  After the controversy surrounding the Carrier deal, much more information is needed before granting a positive or negative grade of this announcement, for on the surface this does look promising.

The downside is that Softbank is a Japanese company with Japanese interests.  Son was the force behind the Sprint T-Mobile deal that failed to pass government scrutiny.  In the past, Softbank has “acquired Vodafone’s Japanese operations and the US telecoms company Sprint for” $20 billion.  Son himself was an early investor in Jack Ma’s Alibaba platform, which is now worth over $14 billion USD.  He is known to be a huge supporter in technological advancements and sees profit in US based technology firms.

Time will tell his true intentions but for now, this seems like another victory for the Trump administration. 

BBC

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: