Reported about 5 hours ago
SoftBank Group Corp. has raised approximately $4.8 billion by selling shares of T-Mobile US Inc., with plans to direct the funds towards ambitious artificial intelligence projects. The sale involved 21.5 million T-Mobile shares priced at $224 each, marking a 3% discount from recent market levels. This divestiture relates to SoftBank's strategy to leverage past investment successes to finance new ventures, particularly a significant investment in OpenAI.
Source: YAHOO