“The deal combines the deep pockets of a Saudi prince with one of the world’s most ambitious tech investors, a pairing that has drawn commitments from corporate giants such as Apple Inc. and Qualcomm Inc.,” Negishi and Parasie report.“The fund also has won SoftBank Chief Executive Masayoshi Son access to President Donald Trump, with Mr. Son’s promise to invest $50 billion to create 50,000 new U.S. jobs. The two are scheduled to meet in Riyadh this weekend during the president’s two-day trip to Saudi Arabia.”
Negishi and Parasie report, “But getting to this point took far longer than many people involved in the deal expected, with the process exposing the divergent objectives and outlooks of the two principal partners and how challenging it sometimes was for them to communicate, according to interviews with about a dozen people close to the talks.”
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MacDailyNews Take: Let’s get this show on the road!
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