SoftBank sells T-Mobile shares at a 4 percent discount

Back in July 2013, the battle between SoftBank and Dish Network over Sprint was won by SoftBank as the latter paid $21.6 billion for 78% of the company. Over time, SoftBank hiked its stake to 80% of Sprint and when T-Mobile closed on its purchase of Sprint on April 1st, SoftBank ended up with 304.6 million shares of T-Mobile.

SoftBank sells as many as 198 million T-Mobile shares

Perhaps at a different time, SoftBank might have held on to the 24.7% of T-Mobile’s stock that it received following the merger. But the company has been having difficulties; …