From Yahoo Finance: 2025-06-17 11:35:00

SoftBank Group Corp. raised $4.8 billion through a T-Mobile US Inc. share sale, funding AI plans. The 21.5 million shares sold at $224 each, a 3% discount to T-Mobile’s closing price. Founder Masayoshi Son aims to invest $30 billion in OpenAI. T-Mobile shares fell 3.8%, SoftBank shares rose 1%.

The deal is the largest US share sale since February. Sales of US-listed companies’ shares reached $91.4 billion this year, up from $75.9 billion. Son uses past successes to fund new ventures. The sale could lower SoftBank’s adjusted loan-to-value by 1-2 percentage points.

SoftBank received T-Mobile shares through Sprint Corp. acquisition. The 1.9% stake sale represents 85.4 million shares, reducing SoftBank’s stake. Deutsche Telekom is T-Mobile’s largest shareholder with a 59% stake. Bank of America Corp. was the sole bank involved in the deal.



Read more at Yahoo Finance: SoftBank Sells T-Mobile Stake for $4.8 Billion to Bet on AI