Video Auto Clicks

This software lets you put YouTube videos on your timeline, on any fan page you manage or on any Facebook group you are a member of. Harness the power of video and combine it with the social nature of Facebook to drive clicks to your affiliate links, CPA

SoftBank reportedly plans to sell about $20 billion of its T-Mobile shares

SoftBank Group Corp . is currently attempting buyers for about $20 billion of the market share in T-Mobile US, according to reports in the Wall Street Journal and Bloomberg. If the proposed sale goes through, its follows could help offset SoftBank’s heavy financing losings over the past year.

According to its first-quarter earnings report yesterday, SoftBank’s Vision Fund lost $17.4 billion in significance for the year ended March 31, obliterating the $12.8 billion gain the fund recorded a year ago. The beginning of this year, the company announced plans to sell up to $41 billion of its resources to increase its share buyback program.

The first Vision Fund is officially done investing( and depleted $100 M every day of its existence )

T-Mobile’s uniting with SoftBank-controlled Sprint, which was officially accomplished last month, demonstrated SoftBank ownership of about 25% of T-Mobile’s shares.

Bloomberg reports that under the proposed deal, which could be announced this week, SoftBank would sell one of the purposes of its stake to Deutsche Telekom AG, T-Mobile’s parent company. Deutsche Telekom currently owns about 44% of T-Mobile’s shares, but would achieve majority ownership if the deal with SoftBank goes through. Softbank would then sell some of its remaining stake to other investors in a secondary offering.

T-Mobile is the United States’ third-largest wireless carrier, after AT& T and Verizon Wireless *, and it has a current sell capital of about $126 billion, which wants SoftBank’s stake is worth about $31 billion, while Deutsche Telekom’s is about $55 billion.

According to the Wall Street Journal, banks including Morgan Stanley and Goldman Sach Group are currently trying investors for the proposed sale.

* Disclosure: Verizon is TechCrunch’s parent company.

Read more: feedproxy.google.com

No Luck
No prize
Get Software
Almost!
Free E-Book
Missed Out
No Prize
No luck today
Almost!
Free eCourse
No prize
Enter Our Draw
Get your chance to win a prize!
Enter your email address and spin the wheel. This is your chance to win amazing discounts!
Our in-house rules:
  • One game per user
  • Cheaters will be disqualified.