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SoftBank raises $4.8bn from T-Mobile share sale to fund AI push
SoftBank Group has sold around a quarter of its stake in T-Mobile US for $4.8 billion, as the company seeks to fund its AI ambitions. Reuters reported that the company sold 21.5 million T-Mobile shares at $224 each. The shares were offered in a price range of $224 to $228 each, according to a term sheet that Reuters reviewed.
SoftBank Group Corp. said Wednesday that its planned sale of T-Mobile US Inc. shares will raise as much as $20.12 billion before fees and other expenses, which is part of a 4.5 trillion yen ($42 ...
SoftBank founder Masayoshi Son landed the stake in T-Mobile US just this year, after U.S. regulators approved the sale of his Sprint Corp. to its wireless rival. He is in the midst of selling ...
The potential sale would be part of SoftBank Group's ¥4.5 trillion ... SoftBank Group's decision to try and shed its T-Mobile US stake follows the company revealing it suffered an operating ...
NEW YORK] SoftBank Group raised around US$4.8 billion through a sale of T-Mobile US shares, a move that helps fund the ...
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