Key Facts
• June 16, Bloomberg reported SoftBank aimed to raise $4.9 billion via T-Mobile shares.
• June 17, SoftBank sold 21.5 million T-Mobile shares at $224 each, raising $4.8 billion.
• Sale price was approximately 3% below T-Mobile’s June 16 closing price of $230.99.
• Initial price range was set at $224–$228 per share.
• SoftBank remains T-Mobile’s second-largest shareholder; Deutsche Telekom is the largest.
• Before the sale, SoftBank owned 7.52% of T-Mobile shares, valued at $22.76 billion.
• In late 2023, SoftBank received $7.59 billion worth of T-Mobile shares at no additional cost.
• Neither SoftBank nor T-Mobile has commented on the transaction.
Summary
SoftBank Group has raised $4.8 billion by selling 21.5 million shares of T-Mobile at $224 per share, a 3% discount from the June 16 closing price of $230.99. The sale, reported by Bloomberg on June 16, aimed to generate $4.9 billion. Despite the transaction, SoftBank remains T-Mobile’s second-largest shareholder, with Deutsche Telekom as the largest. Prior to the sale, SoftBank held 7.52% of T-Mobile shares, valued at $22.76 billion. In late 2023, SoftBank acquired $7.59 billion worth of T-Mobile shares at no additional cost as part of a merger agreement involving Sprint and T-Mobile. Both SoftBank and T-Mobile have declined to comment on the deal.
