SoftBank CEO to meet Trump, announce $100 billion U.S. investment, sources say

PALM BEACH, Florida -SoftBank Group CEO Masayoshi Son plans to announce a $100 billion investment in the U.S. over the next four years during a Monday visit to President-elect Donald Trump, two sources familiar with the event said.

Trump was scheduled to deliver remarks at his Florida resort at 11 a.m. , the first time he has addressed the media since winning a new four-year term on Nov. 5.) planned to fund the new investment. As of Sept. 30, Softbank had about $29 billion in cash and cash equivalents, according to its most recent earnings report.

Son said at the time he was saving up funds"so I can make the next big move," but did not provide any details.) and after some of the tech firms it is invested in through its Vision Fund unit fell out of favor among investors.

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