(Original title: T-Mobile to Transfer $21 Billion in Stock Owned by SoftBank)

Netease Technology News, June 23, according to foreign media reports, in order to make up for the loss of investment, Japan's Softbank is selling part of the shares held by the US wireless operator T-Mobile (T-Mobile US), with a transaction value of 21 billion US dollars , Involving nearly 200 million shares.

In a statement, T-Mobile said that of the 198.3 million shares sold by SoftBank, T-Mobile will publicly issue 133.5 million common shares and grant the underwriters an additional placement option of 10 million shares. In addition, T-Mobile plans to sell up to 3 million ordinary shares to a statutory trust company in Delaware.

Among them, an entity controlled by Marcelo Claure, a senior executive of SoftBank and a member of T-Mobile's board of directors, will buy 5 million shares from it, and the relevant funds will come from Softbank. T-Mobile has the right to repurchase nearly 20 million shares.

SoftBank had planned to withdraw 42 billion of funds through the sale of assets, which was used to buy back shares and repay debts. The sale of T-Mobile shares and a 5% stake in a Japanese wireless subsidiary are all part of this plan.

This plan may also include the direct sale of some Alibaba shares held by SoftBank. Sun Zhengyi once said that raising 11.5 billion US dollars through the sale of some Alibaba shares is the first step in releasing more assets. Alibaba is the most valuable share held by SoftBank.

After US regulators approved the US wireless operator T-Mobile's acquisition of Sprint for $26.5 billion, Softbank acquired a portion of T-Mobile's shares this year. T-Mobile's current market value is approximately US$132 billion. On Monday, local time T-Mobile shares closed at $106.60, which brought the market value of 198 million shares to about $21 billion. After the transaction was announced, the company's stock price fell 1.6% in the late hours. As of Monday's close, T-Mobile stock has risen 36% this year.

Both companies said earlier that they are discussing a possible deal.

The stock offering will begin trading on June 24, and eight institutions including Goldman Sachs Group, Morgan Stanley and Citigroup will be responsible for underwriting. (Chenchen)

Source: NetEase Technology Report, translated by Google Translate