{"id":86887,"date":"2023-12-27T01:20:56","date_gmt":"2023-12-27T06:20:56","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=86887"},"modified":"2023-12-27T01:05:49","modified_gmt":"2023-12-27T06:05:49","slug":"softbank-gets-7-6-billion-t-mobile-stake-windfall-shares-soar","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/12\/2023\/softbank-gets-7-6-billion-t-mobile-stake-windfall-shares-soar.html","title":{"rendered":"SoftBank gets $7.6 billion T-Mobile stake windfall, shares soar"},"content":{"rendered":"\n<p>(CNBC) Shares\u00a0in\u00a0<a href=\"https:\/\/www.cnbc.com\/quotes\/9984.T-JP\/\">SoftBank\u00a0Group <\/a>jumped 5% on Wednesday after the Japanese tech conglomerate said it would receive\u00a0shares\u00a0in telco <a href=\"https:\/\/www.cnbc.com\/quotes\/TMUS\/\">T-Mobile\u00a0U.S<\/a>.\u00a0worth some <strong>$7.59 billion<\/strong> at no additional cost. Masayoshi Son\u2019s conglomerate said late on Tuesday it had told T-Mobile\u00a0U.S. to issue 48.75 million\u00a0shares\u00a0in common stock to it after conditions set out in an agreement made as part of the merger of\u00a0SoftBank\u2019s U.S. telco Sprint and T-Mobile\u00a0were met.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2023\/12\/27\/softbank-gets-7point6-billion-t-mobile-stake-windfall-shares-soar.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) Shares\u00a0in\u00a0SoftBank\u00a0Group jumped 5% on Wednesday after the Japanese tech conglomerate said it would receive\u00a0shares\u00a0in telco T-Mobile\u00a0U.S.\u00a0worth some $7.59 billion at no additional cost. Masayoshi Son\u2019s conglomerate said late on Tuesday it had told T-Mobile\u00a0U.S. to issue 48.75 million\u00a0shares\u00a0in common [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-86887","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/86887","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=86887"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/86887\/revisions"}],"predecessor-version":[{"id":86888,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/86887\/revisions\/86888"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=86887"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=86887"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=86887"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}