Softbank (SFTBY) sold 21.5M of T-Mobile (TMUS) shares for $224 each, raising around $4.8B, Anthony Hughes of Bloomberg reports, citing the final terms of the deal seen by the journal. This move comes as Softbank founder Masayoshi Son is ramping up investments meant to assist making AI reasoning superior to humans’, with plans to put down as much as $30B in OpenAI. The sale of the T-Mobile stake will assist the company in funding AI ventures.
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