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.Most Read from BloombergSecurity Concerns Hit Some of the World’s ‘Most Livable Cities’As Part of a $45 Billion Push,

Key Takeaways T-Mobile shares declined after Japanese investment firm SoftBank reportedly sold shares of the company's stock.SoftBank raised $4.8 billion in the deal but sold the shares at a discount to T-Mobile's closing price Monday,

SoftBank Group has sold around a quarter of its stake in T-Mobile US for $4.8 billion, as the company seeks to fund its AI ambitions. Reuters reported that the company sold 21.5 million T-Mobile shares at $224 each. The shares were offered in a price range of $224 to $228 each, according to a term sheet that Reuters reviewed.