Softbank aims to raise $4.9 billion by selling T-Mobile shares

Japan’s SoftBank Group is planning to sell a portion of its T-Mobile US shares to raise about $4.9 billion. The company is offering 21.5 million shares at a price range of $224 to $228 each, which is slightly below T-Mobile’s recent closing price of $230.99. This sale, managed by Bank of America, is part of an unregistered overnight block sale, meaning it’s a quick, private transaction.

SoftBank currently holds an 8% stake in T-Mobile, valued at around $20.4 billion, making it the second-largest shareholder after Deutsche Telekom. The shares were originally gained through the 2020 merger of Sprint and T-Mobile, and SoftBank received an additional 48.8 million shares in 2023 when T-Mobile’s stock hit a specific price target. Even after this sale, SoftBank will remain a major shareholder.

The move comes as SoftBank looks to cash in on its investment while T-Mobile’s stock is performing strongly, having risen 40% this year. The funds could support SoftBank’s broader plans, including investments in artificial intelligence. This sale is one of the largest U.S. equity block sales of 2025, following a $13.1 billion deal by Toronto-Dominion Bank earlier this year. Neither SoftBank nor T-Mobile commented on the transaction.