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30-04-2018, 02:20 PM,
Post: #11
RE: SoftBank
SoftBank's CEO clinches his biggest deal by letting go

Greg Roumeliotis, Liana B. Baker
APRIL 30, 2018

(Reuters) - SoftBank Group Corp (9984.T) CEO Masayoshi Son has made a name for himself as the ultimate dealmaker, raising almost $100 billion for investments with his Vision Fund. Yet after four years of haggling, he has scored his biggest deal by simply letting go.

The agreement on Sunday to combine SoftBank’s Sprint Corp (S.N) with Deutsche Telekom AG’s (DTEGn.DE) T-Mobile US Inc (TMUS.O) will create a U.S. wireless carrier with a market value of more than $80 billion, matching SoftBank’s market capitalization and making it its biggest holding.

SoftBank, a Japanese technology and telecommunications group, will own just 27 percent of the combined company, however, while Deutsche Telekom will own 42 percent and have voting and board control.

It is a far cry from the terms the companies discussed in their first round of talks in 2014, when Sprint was larger than T-Mobile and SoftBank was negotiating owning a majority stake in the combined company.

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