SoftBank's CEO clinches his biggest deal by letting go

The agreement on Sunday to combine SoftBank's Sprint Corp with Deutsche Telekom AG's T-Mobile US Inc will create a U.S. wireless carrier with a market value of more than $80 billion, matching SoftBank's market capitalisation and making it its biggest holding. SoftBank, a Japanese technology and telecommunications group, will own just 27 percent of the combined company, however, while Deutsche Telekom will own 42 percent and have voting and board control.

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