Overview

• SoftBank sold 21.5 million T-Mobile shares at $224 each to raise about $4.8 billion.
• The $224 price represented a 3% discount to Monday’s closing price of $230.99.
• T-Mobile’s stock fell approximately 3.5% to $222.99 in after-hours trading following the announcement.
• After the sale, SoftBank remains T-Mobile’s second-largest shareholder behind Deutsche Telekom’s 59% holding.
• Bank of America managed the deal, making it one of the largest U.S. equity block trades since Toronto-Dominion’s $13.1 billion divestiture of Charles Schwab shares in February.