SoftBank Sells T-Mobile Stake for $4.8 Billion to Fund AI Push

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📅 Published: 2025-06-17 02:28 📰 Source: Yahoo 📝 Words: 75

📝 Article Content

(Bloomberg) -- SoftBank Group Corp. raised around $4.8 billion through a sale of T-Mobile US Inc. shares, a move that helps fund the Japanese company’s grandiose plans for artificial intelligence.Most Read from BloombergAs Part of a $45 Billion Push, ICE Prepares for a Vast Expansion of Detention SpaceSecurity Concerns Hit Some of the World’s ‘Most Livable Cities’As American Architects Gather in Boston, Retrofits Are All the RageThe Tokyo-based technology group sold 21.5 million T-Mobile shares

📄 Summary

(Bloomberg) -- SoftBank Group Corp. raised around $4.8 billion through a sale of T-Mobile US Inc. shares, a move that helps fund the Japanese company’s grandiose plans for artificial intelligence.Most Read from BloombergAs Part of a $45 Billion Push, ICE Prepares for a Vast Expansion of Detention SpaceSecurity Concerns Hit Some of the World’s ‘Most Livable Cities’As American Architects Gather in Boston, Retrofits Are All the RageThe Tokyo-based technology group sold 21.5 million T-Mobile shares

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TMUS - T-Mobile US Inc. Relevance: 0.9

Context: "Company name: T-Mobile US Inc."