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President-elect Donald Trump announced the entrance of SoftBank in the US. The Japanese tech company will give $50 billion to the States, and provide over 50,000 jobs in the country. Isn’t this amazing?

Trump had a meeting with Masayoshi Son, the founder and CEO of SoftBank right before the announcement on Tuesday.

Here’s our President-elect’s announcement on Twitter:

Soon after the first tweet, Trump tweeted again, “Masa said he would never do this had we (Trump) not won the election!”

“I just came to celebrate his presidential job,” Son said, “because he will do a lot of deregulation.”

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As Western Journalism reports, Son is willing to invest in new companies and start-ups new businesses.

SoftBank owns 80 percent of Sprint, so analyst Tomoaki Kawasaki announced another cooperation.

Son bought his part in Sprint in 2013, but the company Sprint fell behind T-Mobile. Son did an effort to make a merger between the companies, but as usual, Obama said “no.” Luckily, the new administration is about to change this.

“There is a chance that the incoming administration will have a different approach to telecom regulations,” Kawasaki explained. “Son has said before that Sprint needs T-Mobile to compete with the top-two operators in the U.S. market.”

Trump’s announcement was followed by a 2 percent increase of Sprint shares.

 

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