The money would come from a $100 billion fund being raised by SoftBank and Saudi Arabia.
After meeting with Donald Trump, SoftBank CEO Masayoshi Son announced plans to invest $50 billion in U.S. startups, aiming to create 50,000 jobs. The money will come out of a previously planned $100 billion fund SoftBank is setting up with Saudi Arabia and other investors. No word on whether SoftBank-owned Sprint will try again for regulatory approval of a T-Mobile merger under the new administration. —