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| Version 0 | Version 1 |
|---|---|
| Trump: Softbank to invest $50bn in US businesses | Trump: Softbank to invest $50bn in US businesses |
| (35 minutes later) | |
| Shares of Japanese technology firm Softbank have soared to their highest level in more than one year in Tokyo trade, jumping 5% at the open. | |
| That is on news Chief Executive Masayoshi Son said he will invest $50bn (£39.3bn) in US businesses. | That is on news Chief Executive Masayoshi Son said he will invest $50bn (£39.3bn) in US businesses. |
| But details are lacking on where the money will go and how it will benefit American businesses. | But details are lacking on where the money will go and how it will benefit American businesses. |
| Mr Son made the announcement after meeting US President-elect Donald Trump in New York. | Mr Son made the announcement after meeting US President-elect Donald Trump in New York. |
| Mr Trump shared the news about the Softbank investment on social media, via his Twitter page. | Mr Trump shared the news about the Softbank investment on social media, via his Twitter page. |
| Donald Trump's four-year term as US president will start following his inauguration on 20 January. | Donald Trump's four-year term as US president will start following his inauguration on 20 January. |
| Previous acquisitions | Previous acquisitions |
| Softbank is one of the world's biggest technology companies and is run by its founder, Japanese entrepreneur Masayoshi Son. | Softbank is one of the world's biggest technology companies and is run by its founder, Japanese entrepreneur Masayoshi Son. |
| It has previously acquired Vodafone's Japanese operations and the US telecoms company Sprint. The $20bn deal was the biggest foreign acquisition by a Japanese firm at the time. | It has previously acquired Vodafone's Japanese operations and the US telecoms company Sprint. The $20bn deal was the biggest foreign acquisition by a Japanese firm at the time. |
| Mr Son is known to have an eye for potentially transformative industries and trends. He was an early investor in Alibaba and saw the potential in e-commerce before anyone else did. | Mr Son is known to have an eye for potentially transformative industries and trends. He was an early investor in Alibaba and saw the potential in e-commerce before anyone else did. |
| Softbank acquired UK technology firm ARM Holdings in July, for $32bn. The Cambridge-based firm designs microchips used in many smartphones, including those of Apple and South Korea's Samsung. | Softbank acquired UK technology firm ARM Holdings in July, for $32bn. The Cambridge-based firm designs microchips used in many smartphones, including those of Apple and South Korea's Samsung. |