SoftBank Group Corp shares opened 12.5% higher on Wednesday morning after a federal judge approved the takeover of its U.S. wireless unit Sprint Corp by T-Mobile US Inc. A deal would allow SoftBank, which reports its earnings on Wednesday, to offload a troubled asset when its other tech bets are facing investor scepticism and it is struggling to raise funds for a successor to its $100 billion Vision Fund. One of SoftBank founder Masayoshi Son’s big overseas bets, Sprint has weighed down the group as it struggles to compete with bigger rivals. …read more
Source:: Yahoo Finance
