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TOKYO (Reuters) -SoftBank Group Corp said it would receive shares in telco T-Mobile US worth some $7.59 billion at no additional cost, driving the Japanese conglomerate's shares up 5%. Masayoshi ...
T-Mobile issued 48.75 million shares of common stock to Softbank late in the fourth quarter. The issuance reflected the achievement of certain conditions as part of T-Mobile's merger with Softbank ...
Japanese tech investor, Softbank is poised to sell large chunks of its share stakes in T-Mobile U.S. and Chinese e-commerce giant Alibaba. Softbank revealed annual losses of $14.8 billion ...
SoftBank later accumulated further shares in Sprint to about 84% ownership. [55] [56] Sprint and T-Mobile US merged in 2020 in an all shares deal for $26 billion. By 2021, SoftBank Group Corp. had acquired 4.5% of Deutsche Telekom AG (parent company of T-Mobile) and sold its stake in T-Mobile US Inc. to the German telecommunications carrier. [57]
The new BCA gives an exchange ratio of 11.00 Sprint shares for each T-Mobile share, up from the original agreement of 9.75 Sprint shares. SoftBank, Sprint's owner, has agreed to surrender 48.8 million T-Mobile shares acquired in the merger to the New T-Mobile, making SoftBank's effective ratio of 11.31 shares per T-Mobile share.
(Bloomberg Opinion) -- As Japan’s SoftBank Group Corp. unloads about 200 million shares of T-Mobile US Inc., more investors get a chance to own a top-performing stock that had been hogged by ...
On March 20, 2011, Deutsche Telekom AG accepted a US$39 billion stock and cash purchase offer from AT&T Inc. for T-Mobile USA, Inc. According to an industry analyst, after the introduction of the iPhone in 2007, T-Mobile USA began to lose lucrative contract customers, dropping to 78.3 percent of subscribers in 2010, compared to 85% in 2006.
T-Mobile and Sprint on Sunday announced plans to merge, valuing a combined company at $146 billion. Sprint's parent company, SoftBank, was the major holdup during talks late last year, and the ...