SoftBank Group Corp. raised around $4.8 billion through a sale of T-Mobile US Inc. shares, a move that helps fund the Japanese company’s grandiose plans for artificial intelligence.The Tokyo-based technology group sold 21.

SoftBank Group Corp. has raised approximately $4.8 billion through the sale of shares in T-Mobile US Inc., reinforcing its financial arsenal for a bold push into artificial intelligence.

SYDNEY: Japan's SoftBank raised US$4.8 billion from a sale of 21.5 million T-Mobile shares at US$224 each, according to a term sheet reviewed by Reuters. The shares were offered in a price range of US$224 to US$228 each,