SoftBank stock surges to seven-month high after judge OKs Sprint-T-Mobile merger

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SoftBank Group Corp stock surged to its highest price in over half a year in Tokyo on Wednesday, after a U.S. federal judge rejected an antitrust ...

SoftBank Group Corp stock surged to its highest price in over half a year in Tokyo on Wednesday, after a U.S. federal judge rejected an antitrust challenge to the proposed takeover of subsidiary Sprint Corp by T-Mobile US Inc .

A deal would remove the risk of SoftBank having to inject further funds into Sprint, though T-Mobile may push for better terms given Sprint's relative weakness, Boodry wrote. The Japanese firm reports its earnings later on Wednesday, with Son speaking at an earnings briefing from 0700 GMT.

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