February 12, 2020 / 12:08 AM / 7 days ago

SoftBank shares untraded with glut of buy orders after T-Mobile-Sprint merger approval

TOKYO, Feb 12 (Reuters) - SoftBank Group Corp shares were untraded with a glut of buy orders 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. (Reporting by Sam Nussey Editing by Shri Navaratnam)

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