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Why Softbank’s $50 Billion U.S. Investment Doesn’t Include Sprint

When President-elect Donald Trump trumpeted a $50 billion investment in the U.S. by Softbank CEO Masayoshi Son earlier this week, and the creation of 50,000 domestic jobs, many assumed the Japanese investor plans to take another stab at merging his Sprint Wireless business with T-Mobile, given the new administration’s anti-regulatory stance. They assumed wrong.

“The boat for a Sprint T-Mobile merger has sailed, as Masayoshi Son looks to make additional investments in the U.S. to benefit Softbank stock owners.”