- Scrambling to raise funds following an $18B annual loss at its Vision Fund, SoftBank (OTCPK:SFTBY) is in talks to sell a significant portion of its T-Mobile U.S. (NASDAQ:TMUS) stake to controlling shareholder Deutsche Telekom (OTCQX:DTEGY).
- The transaction, if completed, would boost Deutsche Telekom's nearly-44% stake in T-Mobile above 50%, WSJ reports.
- The German company already has voting control of the wireless giant under a prior agreement with SoftBank, which recently held almost 25% of T-Mobile's common stock.
- Update: Softbank will raise ¥1.25T ($11.7B) using Alibaba (NYSE:BABA) stock to fund buybacks of its own shares.