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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 ...
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 ...
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