Soft Bank sells an interest in "T -Mobile" at $ 4.8 billion to finance artificial intelligence

The collection of “Soft Bank Group” raised about $ 4.8 billion by selling a share in “T -Mobile USA”, in a move aimed at funding the ambitious Japanese company’s plans in the field of artificial intelligence. The company has specialized in the area of ​​technology, based in Tokyo, sold 21.5 million shares of “T -Mobile” shares at $ 224 per share, which is the minimum price range between $ 224 and 228, as part of an unregistered night selling agreement that took place at night, according to the final conditions of the “Bloomberg News”. The agreement comes over the price of the 3% less than the price of closing the “T Mobile” share yesterday, which is $ 230.99. The development of artificial intelligence capabilities reinforces “SoftBank” with the aim of developing the capabilities of artificial intelligence beyond the capabilities of people as it intends to pump up to $ 30 billion in “OPEN AI”, and also developed with the business for the “Cabt” application to include large infrastructure projects in the United States and in the United States and include. The loan financing plans faced complications due to the ambiguity of American customs duties. Also read: “Soft Bank” continues to borrow $ 15 billion to finance artificial intelligence, “T -Mobile” stocks fell 3.9% during trade extended after closing, although it scored an increase of 4.7% from the beginning of the year. On the other hand, the ‘soft bank’ shares rose 2.3% during the early day trading on the Tokyo Stock Exchange. This agreement is the largest shares sold in the US market, as the Toronto Dominion Bank sold a $ 13.1 billion stake in the brokerage company “Charles Schwab” last February. Total sales of new and existing shares in businesses listed in the United States have been $ 91.4 billion since the beginning of this year, compared to $ 75.9 billion in the same period last year, according to data collected by “Bloomberg”. ‘Soft Bank’ bet this step comes within a series of moves by founder of ‘Softbank’, Masyoshi Sun, to take advantage of his previous investment successes, such as his early bet on the ‘Ali Baba Holding Group’, which achieved great returns, to finance its new projects. Softbank received the shares of “T -Mobile” after the US telecommunications company acquired sprint (Sprint) of $ 26.5 billion in April 2020. Later in the same year, Softbank significantly reduced its share in T -Mobile by an agreement of $ 21 billion that helped finance a recordher shares of its shares. Read more: Softbank’s quarterly profits jump 125% by supporting the demand for artificial intelligence. According to Bloomberg accounts, the share for sale is about 1.9% of the total shares of T -Mobile. According to the annual report, Soft Bank owned 85.4 million shares, or 7.5% of the company. Deutsche Telekom delivers the largest contributor to TT, with a share of 59%, according to the announcement of the US Security and Exchange Committee on June 12. The terms of the agreement show that Bank of America took over the task of the only subscription manager for the agreement.