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SoftBank's Sprint headache gone but coronavirus adds to migraine

Vision Fund holds its breath as investment in 90 companies faces market turmoil

The coronavirus pandemic has created new headaches for SoftBank chief Masayoshi Son. (Photo by Satoshi Hishida)

TOKYO -- The completed merger between T-Mobile and Sprint lets Japan's SoftBank Group shrug off its struggling U.S. telecom business, but the tech investment company faces an even tougher challenge in the financial market turmoil sparked by the new coronavirus.

SoftBank held an 84% stake in Sprint, the No. 4 wireless carrier in the U.S. The deal with third-ranked T-Mobile diminishes SoftBank's influence, leaving the Japanese company with only a 24% stake in post-merger T-Mobile US.

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