Briefing
asia markets

SoftBank Group’s Stock Surges on Sprint Merger Hopes

By
Juro Osawa
· · Source: The Information

SoftBank Group’s shares are up 12% as of Wednesday afternoon in Japan, after a U.S. court rejected some states’ attempt to block the proposed merger between SoftBank-owned Sprint and T-Mobile. The Japanese tech investment giant’s stock, listed in Tokyo, gained as much as 14% Wednesday morning on expectations that the merger deal will close.   The court’s approval of the merger is good news for...

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