SoftBank Group Corp. raised around $4.8 billion through a sale of T-Mobile US Inc. shares, a move that helps fund the Japanese company’s grandiose plans for artificial intelligence.

Japans SoftBank (TYO:9984) has raised $4.8 billion through the sale of 21.5 million T-Mobile (NASDAQ:TMUS) shares, pricing each at $224, according to a term sheet reviewed by Reuters. The offering was within the

SYDNEY: Japan's SoftBank raised US$4.8 billion from a sale of 21.5 million T-Mobile shares at US$224 each, according to a term sheet reviewed by Reuters. The shares were offered in a price range of US$224 to US$228 each,