TOKYO -- SoftBank Group announced on Friday that its subsidiary Sprint and T-Mobile US will amend parts of their merger agreement, in a move to reflect the current stock value.
The Japanese conglomerate will reduce its major stake from 27.4% to 24% while the offer to other shareholders will remain the same. SBG will surrender around 48.8 million T-Mobile shares acquired in the merger, close to 14% of the shares received from the transaction, to the new company immediately after closing the deal.
