SoftBank plans to raise $4.9bn by selling T-Mobile stake, supporting investments in AI.

From Yahoo Finance: 2025-06-17 11:26:00

SoftBank Group plans to raise $4.9bn by selling shares in T-Mobile US in an unregistered overnight block sale. The funds will support investments in AI, with founder Masayoshi Son committing up to $30bn to OpenAI. Bank of America is handling the sale of 21.5 million shares priced at $224 to $228 each, representing a discount of up to 3%. SoftBank acquired T-Mobile shares during Sprint’s acquisition in 2020, reducing its stake through a $21bn deal. Deutsche Telekom AG remains T-Mobile’s largest shareholder with a 59% stake.



Read more at Yahoo Finance: SoftBank to raise $4.9bn by selling T-Mobile stake