Donald Trump has hailed a pledge from SoftBank to invest $50bn in the US over the next four years as part of the new tech mega-fund it is raising.
The commitment, which came with few details but is expected to focus on investments in tech companies and start-ups, was quickly celebrated by the president-elect, who announced the deal via Twitter after meeting SoftBank founder Masayoshi Son in New York.
Mr Son’s warm reception from Mr Trump will give fresh impetus to the possibility that his Japanese group, which owns a controlling stake in Sprint, might try again to reach a deal to buy T-Mobile US. Shares in both companies ended the day roughly 1.5 per cent higher.
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