Here's what we know about Trump's $50 billion deal with a Japanese billionaire

[applegrove]

Here's what we know about Trump's $50 billion deal with a Japanese billionaire

by Bob Bryan and Portia Crowe at Business Insider

http://www.businessinsider.com/softbank-trump-50-billion-investment-not-what-it-seems-2016-12

"SNIP..............


For starters, the $50 billion investment is not coming directly from SoftBank, but rather the SoftBank Vision Fund. The fund is a sort of investment arm of SoftBank, seeded with $25 billion of the company's cash. The total value of the fund is around $100 billion, though that is not finalized and the fund is not yet closed, and it's intended to invest in tech.

Son said in a speech Friday in New Delhi that $25 billion of the money was put up by SoftBank, $45 billion by the sovereign wealth fund of Saudi Arabia, and the remaining $30 billion by other investors, according to Bloomberg.

The fund, therefore, plans to invest half of what it has raised in the US. For comparison, a study of all 2015 venture capital funding in the world by EY found that roughly half of these investments were made in US-based companies, so this allocation does not appear to be out of the ordinary.

Additionally, Son has long been known to make large investments in the US, such as SoftBank buying 83% of mobile provider Sprint for over $20 billion. So it wouldn't be out of his previous investment pattern.



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[applegrove]

1. The fund came together in October, before Trump was elected others report.

So it came together before Trump and it is investing the same average amount venture capital funds invest in the USA when they go global. Nothing to see here but re-branding.

[COLGATE4]

2. Get used to it- typical Trump flimflammery.

He gets Carrier to not send some jobs to Mexico by making Pence use Indiana's tax money to pay them off, Trump then claims victory for himself. Trump claims credit for a $50B deal with Japan which was inked before he was even elected- "I made it happen". 'Rebranding' is just a euphemism for what used to be known as 'taking credit for something others did'. And he's a master of it. We'll be hearing this shit for the next four years.