SoftBank is selling part of its T-Mobile stake in a secondary offering

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SoftBank is selling part of its T-Mobile stake in a secondary offering
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Morgan Stanley and Goldman Sachs will underwrite the offering, sources told CNBC.

that SoftBank was in talks to sell part of its stake in T-Mobile back to its parent company, Deutsche Telekom. Sources told CNBC the sale will also include a secondary offering for a sizable chunk of the stake.

for its main business with $18 billion in losses for its massive venture arm, the Vision Fund. The $100 billion fund was created to take big risks on innovative companies and infuse them with capital, but recently it's suffered from WeWork's failed IPO and the onset of the coronavirus pandemic, which has disrupted businesses of all kinds.

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