Trump secures $50 Billion investment towards 50,000 jobs

Azendac | Respected Posting Riot
 
more |
XBL:
PSN:
Steam:
ID: Azendac
IP: Logged

605 posts
We knew the world would not be the same. A few people laughed, a few people cried, most people were silent. I remembered the line from the shitlord scripture the Bhagavad Reeeeeeeta; Kek is trying to persuade the prince that he should save his people, and to impress him takes on his frog-headed form, and says, "Now I am become meme, the destroyer of cucks." I suppose we all thought that, one way or another.
And all it took was 45 minutes of talking, are you convinced of his deal making prowess yet? Remeber he's still technically not your president, since he hasn't been inaugurated yet, so imagine what he'l be capable of 40 something days from now.
http://www.wsj.com/articles/donald-trump-says-softbank-pledges-to-invest-50-billion-in-u-s-1481053732

Quote
Masayoshi Son, the brash billionaire who controls Sprint Corp., 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 telecom mogul, who made his fortune in Japan with SoftBank Group 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.

Mr. Son told reporters he planned to “invest into the new startup companies in the United States.” It would be difficult to create 50,000 jobs entirely by investing in startups, which generally employ few workers. Sprint employs about 30,000 people and has cut jobs to combat losses.
Quote
In an interview, Mr. Son said the money will be coming from a $100 billion investment fund that he began setting up earlier this year with Saudi Arabia’s sovereign-wealth fund and other potential partners.

Mr. Son’s plan to pour $50 billion is massive compared with the total amount of capital in venture circles. Venture-capital firms had $163 billion available to invest in new deals as of June 2016, according to research firm Preqin.

In addition to startups, Mr. Son also has his sights on acquisitions as large as $30 billion, a person familiar with his thinking said.

In addition to Kansas-based Sprint, which SoftBank acquired in 2013 for $22 billion, the company also led a $1 billion investment round last year in San Francisco-based online lender Social Finance Inc.

When he acquired Sprint, Mr. Son’s initial plan was to merge the carrier with German-owned T-Mobile US Inc. to take on market leaders AT&T Inc. and Verizon Communications Inc., but he abandoned the effort after regulators signaled they would reject the plan. Some investors and analysts have said he could make another attempt after Mr. Trump’s election and when a new chairman is appointed to the Federal Communications Commission.

Mr. Son planned to tell Mr. Trump about what happened with T-Mobile, and how he had wanted to invest in the U.S. but the regulatory climate was too harsh so he invested outside the U.S. instead, the person familiar with the matter said.

On Tuesday, Mr. Son declined to comment about his current interest in T-Mobile.

The 59-year-old is known as an ambitious investor who bets on tech and telecom ventures. His company has a large stake in China’s Alibaba Group and most recently bought U.K. chip designer ARM Holdings PLC for $32 billion.

Mr. Son has a history of going straight to national leaders to talk business. In September he met South Korean President Park Geun-hye, and said he intends to invest about five trillion won (about $4.5 billion) in the country’s technology sector. He also has met Indian Prime Minister Narendra Modi and pledged to spend billions on the nation’s tech startups and renewable energy projects.

With the new $100 billion fund—dubbed the SoftBank Vision Fund—Mr. Son plans to spend heavily in fields including the so-called Internet of Things, artificial intelligence, deep learning and robotics. He has said he wants to become the Warren Buffett of the tech industry.

SoftBank plans to invest at least $25 billion during the next five years in the fund, while Saudi Arabia’s Public Investment Fund may contribute an additional $45 billion over the same period as the fund’s lead partner. Other investors are still being finalized. Investments are expected to be made over the next five years.

AT&T Inc. Chief Executive Randall Stephenson also spoke positively of the economic benefits of a Trump presidency Tuesday, largely because of lower taxes and less government oversight. He expressed hope that “a more moderate approach to some of these regulations is in the making under a Trump administration.”

Mr. Stephenson said the U.S. is the “highest tax country in the developed world” and that capital investment, as a percentage of gross domestic product, is at its lowest level since World War II.

“If we achieve any kind of meaningful corporate tax reform I am quite convinced that it is going to change this trajectory in terms of capital investment,” he said at an UBS AG conference in New York. He added that the company’s business plans for 2017 are incorporating scenarios for economics growth to be higher than expected, compared with recent years where the focus was on underperformance.

“I can’t remember the last time I did an upside sensitivity in a business plan, but we are doing an upside sensitivity right now,” he said.
Last Edit: December 06, 2016, 08:01:37 PM by Azendac


Anonymous (User Deleted) | Legendary Invincible!
 
more |
XBL:
PSN:
Steam:
ID: Kupo
IP: Logged

6,364 posts
 
Quote
though he didn’t provide details.
Let's not jump the gun, here.


Azendac | Respected Posting Riot
 
more |
XBL:
PSN:
Steam:
ID: Azendac
IP: Logged

605 posts
We knew the world would not be the same. A few people laughed, a few people cried, most people were silent. I remembered the line from the shitlord scripture the Bhagavad Reeeeeeeta; Kek is trying to persuade the prince that he should save his people, and to impress him takes on his frog-headed form, and says, "Now I am become meme, the destroyer of cucks." I suppose we all thought that, one way or another.
Quote
though he didn’t provide details.
Let's not jump the gun, here.
It's not as if he's talking out his ass though:
Quote
In addition to Kansas-based Sprint, which SoftBank acquired in 2013 for $22 billion, the company also led a $1 billion investment round last year in San Francisco-based online lender Social Finance Inc.
Trump did make a big point of cutting back regulations to open up business to more investments and job creation, and here we have him doing just that. Though I'll retract my applause until we see more details.


Turkey | Mythic Inconceivable!
 
more |
XBL: Viva Redemption
PSN: HurtfulTurkey
Steam: HurtfulTurkey
ID: HurtfulTurkey
IP: Logged

8,077 posts
 
Quote
In an interview, Mr. Son said the money will be coming from a $100 billion investment fund that he began setting up earlier this year with Saudi Arabia’s sovereign-wealth fund and other potential partners.

...

When he acquired Sprint, Mr. Son’s initial plan was to merge the carrier with German-owned T-Mobile US Inc. to take on market leaders AT&T Inc. and Verizon Communications Inc., but he abandoned the effort after regulators signaled they would reject the plan. Some investors and analysts have said he could make another attempt after Mr. Trump’s election and when a new chairman is appointed to the Federal Communications Commission.

Mr. Son planned to tell Mr. Trump about what happened with T-Mobile, and how he had wanted to invest in the U.S. but the regulatory climate was too harsh so he invested outside the U.S. instead, the person familiar with the matter said.

Sounds more like this plan was already in place, and the announcement was reserved to take place after meeting with Trump to give him some of the credit, in hope that Trump's administration would create a more favorable climate for his T-Mobile deal.



Azendac | Respected Posting Riot
 
more |
XBL:
PSN:
Steam:
ID: Azendac
IP: Logged

605 posts
We knew the world would not be the same. A few people laughed, a few people cried, most people were silent. I remembered the line from the shitlord scripture the Bhagavad Reeeeeeeta; Kek is trying to persuade the prince that he should save his people, and to impress him takes on his frog-headed form, and says, "Now I am become meme, the destroyer of cucks." I suppose we all thought that, one way or another.
Quote
In an interview, Mr. Son said the money will be coming from a $100 billion investment fund that he began setting up earlier this year with Saudi Arabia’s sovereign-wealth fund and other potential partners.

...

When he acquired Sprint, Mr. Son’s initial plan was to merge the carrier with German-owned T-Mobile US Inc. to take on market leaders AT&T Inc. and Verizon Communications Inc., but he abandoned the effort after regulators signaled they would reject the plan. Some investors and analysts have said he could make another attempt after Mr. Trump’s election and when a new chairman is appointed to the Federal Communications Commission.

Mr. Son planned to tell Mr. Trump about what happened with T-Mobile, and how he had wanted to invest in the U.S. but the regulatory climate was too harsh so he invested outside the U.S. instead, the person familiar with the matter said.

Sounds more like this plan was already in place, and the announcement was reserved to take place after meeting with Trump to give him some of the credit, in hope that Trump's administration would create a more favorable climate for his T-Mobile deal.
That's pretty likely, although I don't recall clinton making a big deal out of cutting regulations.


aREALgod | Legendary Invincible!
 
more |
XBL:
PSN:
Steam:
ID: aTALLmidget
IP: Logged

5,169 posts
 
Trump is such a beast


Jet Wave | Heroic Unstoppable!
 
more |
XBL: Jet Wave 600
PSN:
Steam:
ID: Jet Wave
IP: Logged

2,208 posts
 
If he could slide a job my way that would be really great.


 
 
Flee
| Marty Forum Ninja
 
more |
XBL:
PSN:
Steam:
ID: Flee
IP: Logged

15,686 posts
 
This user has been blacklisted from posting on the forums. Until the blacklist is lifted, all posts made by this user have been hidden and require a Sep7agon® SecondClass Premium Membership to view.


Azendac | Respected Posting Riot
 
more |
XBL:
PSN:
Steam:
ID: Azendac
IP: Logged

605 posts
We knew the world would not be the same. A few people laughed, a few people cried, most people were silent. I remembered the line from the shitlord scripture the Bhagavad Reeeeeeeta; Kek is trying to persuade the prince that he should save his people, and to impress him takes on his frog-headed form, and says, "Now I am become meme, the destroyer of cucks." I suppose we all thought that, one way or another.
Reuters:

"Trump and Son did not give a timeline for the investment.

The lack of details on investment timetable also prompted doubts whether the promise of money and jobs will be met, as Sprint is slashing staff numbers to cut more than $2 billion in costs this year.

It was not immediately clear how much of SoftBank's investment had been disclosed before. Softbank said on Nov. 7, the day before the U.S. election, it planned to make future large-scale investments via the $100 billion tech fund, rather than on its own, to avoid growing already-bloated debt."

Gonna go out on a limb here and say that Trump's actual involvement was minimal and that this has been months in the making and would've happened either way.
Fair point, same as what Kupo brought up. I'm still going to say that this is consistent with Trump's recent deals with Carrier and Apple though, and indicative of things to come. It sends a good signal is what I'm saying and getting paid to say.