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Wed Dec 7, 2016, 05:38 AM

The Real Art Behind Trump-SoftBank $50 Billion Deal

The president-elect’s tweets notwithstanding, the plan was likely to happen no matter who won the election

Job creation in Donald Trump’s America goes like this: A Japanese company animated by visions of a robot apocalypse, looking to invest billions it got from the Saudi Arabian government, decides to bet big on the U.S. Mr. Trump then takes credit—though the plan likely would have unfolded even without the input of the president-elect.

Emerging from a meeting Tuesday with Japan’s richest person, SoftBank founder Masayoshi Son, the president-elect tweeted that the company will invest $50 billion in the U.S. to create 50,000 jobs.

“Masa said he would never do this had we (Trump) not won the election,” he tweet-added.


But those billions were likely to end up in the U.S. no matter who won. SoftBank announced the $100 billion SoftBank Vision Fund nearly a month before the election, when most pundits expected Mr. Trump to lose. Given its size, the fund was likely to put most of its money in the U.S., still home to the world’s most-promising technology companies. Last quarter, 60% of the money raised by companies backed by venture capital was in the North America, according to a report by KPMG and CB Insights.

The $50 billion might also include leverage.


Things could change with a Trump administration. Though Mr. Trump declared on the campaign trail that he was against a deal between AT&T and Time Warner , Mr. Son might at least explore rekindling a T-Mobile-Sprint romance.


One caveat, though: Sprint and T-Mobile have 80,000 employees between them. Job cuts resulting from a merger would likely cancel out part of the job creation SoftBank is supposed to bring. That’s the real art of the deal.


http://www.wsj.com/articles/the-real-art-behind-trump-softbank-50-billion-deal-1481102030?mod=e2tw

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Reply The Real Art Behind Trump-SoftBank $50 Billion Deal (Original post)
TubbersUK Dec 2016 OP
Bernardo de La Paz Dec 2016 #1
NewJeffCT Dec 2016 #2
Bernardo de La Paz Dec 2016 #4
Vinca Dec 2016 #3

Response to TubbersUK (Original post)

Wed Dec 7, 2016, 06:56 AM

1. Trump can say all he wants, and does. He can only be judged by actions and results.

He frequently takes all three sides of an issue.

On the campaign trail he says Climate Change is a Chinese hoax. Then he says there's something real going on. Then he says we need coal, baby, coal and drill, baby, drill and burn, baby, burn. Then he meets with Al Gore.

Let's see what the statistics reveal as time goes on.
Let's see what regulations he eliminates.
Let's see what trouble he creates in geopolitics.

In the meantime, ignore his bluster, and call him out on the facts.
Remain calm, fact check, and resist regression back to the worst of American history.

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Response to Bernardo de La Paz (Reply #1)

Wed Dec 7, 2016, 07:57 AM

2. The headline was Trump gets $50 billion investment and 50,000 jobs

once people see that, it won't matter how many additional sides he takes or if it's really the money SoftBank is going to use to buy out Sprint and their almost 50,000 employees, etc.

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Response to NewJeffCT (Reply #2)

Wed Dec 7, 2016, 09:09 AM

4. Carry on pointing out facts. Good. . . nt

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Response to TubbersUK (Original post)

Wed Dec 7, 2016, 08:12 AM

3. From what I could gather, Masayoshi Son is the Japanese version of Trump.

He loves to have his face in the news and to create a spectacle. I'm betting he lured the ManBaby in for the show.

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