SoftBank sells T-Mobile shares and raises $4.8 billion.

SoftBank Sells T-Mobile Shares to Raise $4.8 Billion

Documents show that SoftBank of Japan sold 21.5 million shares of T-Mobile at a price of $224 per share, raising $4.8 billion. Masayoshi Son, the founder of SoftBank, is ramping up investment efforts with the aim of making artificial intelligence's reasoning ability surpass that of humans. He is overseeing a plan to invest up to $30 billion in OpenAI and is also collaborating with OpenAI to pour hundreds of billions of dollars into data centers and related infrastructure around the world in the name of Stargate. SoftBank's initial debt financing plan was hampered by the uncertainty of US government tariffs. The sale of T-Mobile shares is the latest example of Masayoshi Son, the founder of SoftBank, using the thousands-fold returns from past successful investments to finance new businesses. According to calculations by Bloomberg, the shares sold this time account for approximately 1.9% of T-Mobile's outstanding shares.

—— Bloomberg

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