Sprint Corporation

Trump: Japanese mogul pledges $50 billion US investment

After meeting with Donald Trump on Tuesday, Japanese tech billionaire Masayoshi Son said he will invest $50 billion in new startups in the United States, committing to creating 50,000 new jobs over an unspecified time period.

Son is the founder and chief executive of SoftBank, one of Japan's largest technology outfits, which owns the U.S. mobile carrier Sprint. Sprint shares initially spiked after the announcement. Son left Trump Tower after being escorted down the elevator by the president-elect, who touted the pledge before waiting investors.

"We are going to invest $50 billion in the U.S. and commit to create 50,000 new jobs," Son told reporters. "We (will)...

35°