🟢 SoftBank Group is trading 10.1% up today after regulators clear $4B WideOpenWest acquisition

SoftBank Group is trading 10.1% up at $15.61 after U.S. regulators cleared its $4 billion acquisition of regional broadband provider WideOpenWest.

• The regulatory approval removes the last major barrier to Masayoshi Son’s strategic expansion into American internet infrastructure.
• Investors view the investment in physical broadband assets as a potential stabilizer for the company’s volatile portfolio.
• The news has triggered a significant rebound for the stock following a period of sharp losses over the past week.