Latest news with #MasayoshiSon
Phone Arena
3 days ago
- Business
- Phone Arena
Multi-billionaire owns company with a $20 billion stake in T-Mobile
Here's an interesting fact about T-Mobile that you might not know. Japanese investment holding company SoftBank, founded and run by Masayoshi Son (number 60 on the list of billionaires with $28.8 billion to his name) holds $20.4 billion worth of T-Mobile shares. As of this month, SoftBank owned 85.4 million T-Mobile shares or 7.64% of the carrier making it the second-largest stockholder of the company after the 51.54% owned by Deutsche Telekom. After T-Mobile closed on its purchase of Sprint on April 1st, 2020, all of SoftBank's Sprint shares were converted into 24% of T-Mobile , or 277.2 million shares. SoftBank received an additional 48.8 million shares of T-Mobile when a condition related to T-Mobile 's stock price was met in December 2023. The shares were to be given to SoftBank if T-Mobile 's shares hit $150 or above for a sustained period of time before the end of 2025. T-Mobile 's shares stayed above $150 for a sustained period around December 2023 triggering the release of the additional 48.8 million shares to SoftBank. The Japanese holding company has since reduced its stake in T-Mobile over time. As for Charlie Ergen, he finally got his wireless business. When T-Mobile bid $26 billion to acquire Sprint in 2018, it had to get regulatory approval from the FCC and the Justice Department. Both wanted another carrier to replace Sprint as the nation's fourth largest. A deal was made and T-Mobile sold all of Sprint's pre-paid assets including 9.3 million customers, Boost's retail network, employees, and plans to Dish Network. Dish also signed a seven-year MVNO deal with T-Mobile allowing its customers to use T-Mobile 's 5G network while Dish built its own standalone 5G network. At the end of 2023, EchoStar bought Dish giving that company control of Boost, which is still struggling to get traction as a major U.S. wireless provider. In a very competitive business, Boost has yet to generate excitement among consumers. Meanwhile, it seems likely that Deutsche Telekom will continue adding to its T-Mobile stake by buying more shares from SoftBank. In 2024, Deutsche exercised all of the call options on T-Mobile it had obtained from SoftBank and added 44.9 million shares to its holdings. Switch to Total 5G+ Unlimited 3-Month plan or Total 5G Unlimited and get a free iPhone. We may earn a commission if you make a purchase This offer is not available in your area.
Time of India
25-05-2025
- Business
- Time of India
Softbank's Son proposes US-Japan sovereign fund
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Tokyo: SoftBank founder Masayoshi Son has proposed setting up a US-Japan sovereign wealth fund aimed at making large investments in technology and infrastructure, the Financial Times reported, citing three unidentified people close to the has discussed the plan with US Treasury Secretary Scott Bessent , although it hasn't been formally proposed, the report said. The joint fund would likely need about $300 billion in initial capital, with significant leverage, to be effective, one person told the to the report, the fund would be jointly owned and run by the US Treasury and Japan's finance ministry, with each holding a significant stake. The fund could also be opened to limited partner investors, potentially offering retail investors in Japan and the US a chance to has been looking for revenue streams for the Treasury that don't involve raising taxes, and the fund could potentially provide a solution, a person briefed on the situation told the newspaper.A Treasury spokesperson and Softbank declined to comment to the FT.
Nikkei Asia
25-05-2025
- Business
- Nikkei Asia
SoftBank's Son makes proposal for Japan-US sovereign fund: FT
TOKYO -- SoftBank Group Chairman and CEO Masayoshi Son is proposing to establish a Japan-U.S. sovereign wealth fund that would make technology and other investments across the U.S., the Financial Times reported Sunday. The Japanese Ministry of Finance and the U.S. Department of the Treasury would jointly own and operate the fund, with private investors potentially also having a chance to participate.
Yahoo
25-05-2025
- Business
- Yahoo
Softbank's Son Floats Idea of US-Japan Sovereign Wealth Fund: FT
(Bloomberg) -- SoftBank founder Masayoshi Son has proposed setting up a US-Japan sovereign wealth fund aimed at making large investments in technology and infrastructure, the Financial Times reported, citing three unidentified people close to the situation. NY Private School Pleads for Donors to Stay Open After Declaring Bankruptcy UAE's AI University Aims to Become Stanford of the Gulf NYC's War on Trash Gets a Glam Squad Can Frank Gehry's 'Grand LA' Make Downtown Feel Like a Neighborhood? Chicago's O'Hare Airport Seeks Up to $4.3 Billion of Muni Debt Son has discussed the plan with US Treasury Secretary Scott Bessent, although it hasn't been formally proposed, the report said. The joint fund would likely need about $300 billion in initial capital, with significant leverage, to be effective, one person told the FT. According to the report, the fund would be jointly owned and run by the US Treasury and Japan's finance ministry, with each holding a significant stake. The fund could also be opened to limited partner investors, potentially offering retail investors in Japan and the US a chance to participate. Bessent has been looking for revenue streams for the Treasury that don't involve raising taxes, and the fund could potentially provide a solution, a person briefed on the situation told the newspaper. A Treasury spokesperson and Softbank declined to comment to the FT. To view the source of this information, click here How Coach Handbags Became a Gen Z Status Symbol Why Apple Still Hasn't Cracked AI Inside the First Stargate AI Data Center AI Is Helping Executives Tackle the Dreaded Post-Vacation Inbox Microsoft's CEO on How AI Will Remake Every Company, Including His ©2025 Bloomberg L.P. Sign in to access your portfolio
Hans India
25-05-2025
- Business
- Hans India
SoftBank's Son proposes $300 billion US-Japan tech fund: Report
SoftBank founder Masayoshi Son has reportedly proposed setting up a massive US-Japan sovereign wealth fund to invest in cutting-edge technology and infrastructure. According to a report by the Financial Times (FT), Son discussed this plan with US Treasury Secretary Scott Bessent. While the proposal has not been formally submitted yet, the idea is gaining traction amid growing efforts to reshape economic and technological ties between the two countries. The envisioned fund could require about $300 billion in starting capital and use significant financial leverage to amplify its investments, the report said. The fund would be jointly owned and operated by the US Treasury and Japan's Ministry of Finance, with both sides holding sizable stakes. There are also possibilities of bringing in limited partners, which may allow retail investors from both countries to participate. This comes at a time when Bessent is reportedly seeking new revenue streams for the US Treasury without increasing taxes. The FT report suggests the fund could offer a potential solution by creating long-term returns through strategic investments. However, no official statements have been made yet. Meanwhile, earlier this year, Son had a high-profile meeting in Seoul with Samsung Chairman Lee Jae-yong and OpenAI chief Sam Altman. The trio discussed AI strategies and possible collaborations, including the ambitious $500 billion Stargate project aimed at building advanced AI infrastructure in the US. Son told reporters in Seoul that the discussions had been "very good" and focused on the future of AI and mobile technologies. "I will discuss an update of the Stargate project and potential collaborations with Samsung Group," Son stated. Son also spoke highly of South Korean technology prowess and engineers, while stressing the growing importance of AI in all countries. While no official deals were announced at that meeting, Son had indicated that further talks would follow, including discussions on potential involvement from companies like SK hynix.
