Cara Lombardo and Liz Hoffman
SoftBank Group Corp. plans to seek buyers for about $20 billion of its shares in T-Mobile US Inc. as the Japanese technology conglomerate takes steps to pare a years-long investment in the U.S. mobile-phone sector.
Banks including Morgan Stanley and Goldman Sachs Group Inc. are working to round up investors for what would be one of the largest stock trades in market history, according to people familiar with the matter.
SoftBank Posts Historic Loss, Hit by Poor Tech Bets
SoftBank investments in companies such as Uber and WeWork are under new pressure in the pandemic. Big moves appear to be under consideration in order to mount a comeback. WSJ’s Anna Hirtenstein explains. Photo: ALESSANDRO DI CIOMMO/NURPHOTO/ZUMA PRESS