The Latest: Japan’s SoftBank to invest $1B in US company
WASHINGTON — The Latest on President-elect Donald Trump (all times local):
10:20 p.m.
Japanese telecommunications and energy company SoftBank — whose founder met with President-elect Donald Trump this month — says it has agreed to invest $1 billion in the U.S. company OneWeb Ltd., which is building a network of satellites for global broadband access.
The $1 billion commitment follows founder Masayoshi Son’s promise to Trump to create 50,000 jobs and invest $50 billion in U.S. startups.