FILE PHOTO: The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. REUTERS/Issei Kato
NEW YORK (Reuters) – SoftBank Group Corp (9984.T) is set to sell a portion of its stake in U.S. wireless carrier T-Mobile US Inc (TMUS.O) at $103 per share to raise $13.76 billion, a person familiar with the matter said on Tuesday.
SoftBank on Monday unveiled a series of transactions to divest more than $21 billion worth of stock in T-Mobile, as it seeks funding for a $41 billion share buyback and debt reduction plan. This included a public offering of 133.5 million shares.
SoftBank declined to comment. T-Mobile shares closed on Tuesday at $107.16.
Reporting by Joshua Franklin in New York; Editing by Christian Schmollinger