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Business, Stocks

“SoftBank gets $7.6 billion T-Mobile stake windfall, shares soar”

“Shares in SoftBank Group jumped 5% on Wednesday after the Japanese tech conglomerate said it would receive shares in telco T-Mobile U.S. worth some $7.59 billion at no additional cost… The transaction bolsters the listed assets in SoftBank’s portfolio, doubling its T-Mobile U.S. stake to 7.64% from 3.75% currently, following the blockbuster listing… Continue Reading…

Stocks

“Sprint Stock Soars After Judge Approves Its Merger With T-Mobile”

“T-Mobile US and Sprint stocks are soaring after a federal judge gave his stamp of approval to the wireless carriers’ long-pending combination, ruling that the merger wouldn’t lead to less competition and higher prices for consumers in the U.S. Sprint stock (ticker: S)… Continue Reading…