SoftBank Group confirmed today it is considering selling its T-Mobile U.S. shares.
Bloomberg reported last month that SoftBank was nearing an agreement to sell about $20 billion of its T-Mobile U.S. shares to investors including Deutsche Telekom, T-Mobile’s controlling shareholder, in an effort to offset major losses from its investment business, including the Vision Fund.
In today’s notice, SoftBank Group, which owns about 25% of T-Mobile U.S. shares, said it is exploring transactions that could include private placements or public offerings and transactions with T-Mobile or its shareholders, including Deutsche Telekom AG, or third parties.
The potential sale would be part of SoftBank Group’s program, announced in March, to sell or monetize up to $41 billion in assets to reduce debt and increase its cash reserves. The company said, however, that it cannot assure any of the transactions involving T-Mobile shares will be completed.
The U.S. Supreme Court on Monday declined to hear eight cases involving a legal defense called qualified immunity that can be used to shield government officials from lawsuits, including seven involving police accused of excessive force or other misconduct.
Cameo introduced a new feature on Sunday — Zoom calls. The celebrity shoutout service will now let you book a 10-minute live video interview with various big names, so you can directly ask Sinbad about the Shazaam movie you’re positive exists. It’s like a pop culture convention’s meet and greet, only without the germs.
So far, Cameo lists dozens of personalities as available for a live chat, including beloved actor Sean Astin, iconic skateboarder Tony Hawk, N*SYNC alumni Lance Bass, comedian Gilbert Gottfried, and original Green Power Ranger Jason David Frank. Scott Patterson, aka Luke from Gilmore Girls, is also available, so you can ask Stars Hollow’s grumpy coffee dealer how much caffeine the show’s cast actually consumed. Read more…
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