Japanese tech and telecoms group SoftBank Corp's Chief Executive Masayoshi Son held talks with at least five banks to finance a possible bid by Sprint Corp to purchase a majority stake in T-Mobile US Inc in 2014, Bloomberg reported, citing sources. Son met with executives of Credit Suisse Group AG, Mizuho Bank Ltd, Goldman Sachs Group Inc, Deutsche Bank AG and JPMorgan Chase & Co to get financing of about $20 billion, the report said. ()Raine Group LLC was reported to be advising SoftBank for the bid that could see Sprint, the third-largest U.S. wireless carrier, merge with the fourth largest.SoftBank owns 80 percent of Sprint. T-Mobile is majority owned by Deutsche Telekom AG.Dish Network Corp, which lost out to Japanese telecoms giant SoftBank in its attempt to buy Sprint several months ago, was also considering making a bid for T-Mobile, Reuters reported on Wednesday, citing sources.
Credit Suisse Group AG (Credit Suisse) is a global financial services company. Shares of CS traded higher by 0.74% or $0.22/share to $30.09. In the past year, the shares have traded as low as $23.55 and as high as $33.98. On average, 1026860 shares of CS exchange hands on a given day and today's volume is recorded at 779258.
Deutsche Bank AG is a global investment bank. The Company offers a variety of investment, financial and related products and services to private individuals, corporate entities and institutional clients around the world. Shares of DB traded higher by 1.37% or $0.63/share to $46.58. In the past year, the shares have traded as low as $38.18 and as high as $53.12. On average, 776912 shares of DB exchange hands on a given day and today's volume is recorded at 570617.
The Goldman Sachs Group, Inc. (Goldman Sachs) is a global investment banking, securities and investment management firm that provides a range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. Shares of GS traded higher by 0.22% or $0.39/share to $175.16. In the past year, the shares have traded as low as $124.57 and as high as $175.80. On average, 3400690 shares of GS exchange hands on a given day and today's volume is recorded at 3754308.
JPMorgan Chase & Co. (JPMorgan Chase) is a financial holding company. Shares of JPM traded higher by 0.82% or $0.47/share to $57.70. In the past year, the shares have traded as low as $42.90 and as high as $58.14. On average, 20345400 shares of JPM exchange hands on a given day and today's volume is recorded at 21915856.
Shares of TMUS traded higher by 4.69% or $1.39/share to $31.00. In the past year, the shares have traded as low as $16.01 and as high as $29.84. On average, 5688530 shares of TMUS exchange hands on a given day and today's volume is recorded at 22553904.
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