8 Articles
8 Articles
SoftBank CDS: SoftBank CDS hovers near 3-year high on OpenAI funding concerns
SoftBank has committed to invest $64.6 billion in OpenAI. The ChatGPT creator is holding early talks with investors about a fresh funding round that would value it at more than $1.2 trillion ahead of an initial public offering.
SoftBank Group successfully closed a two-year credit line of $11.87 billion designed to inject OpenAI capital. According to Bloomberg, the deal was completed last week, with the total borrowing significantly exceeding the original expectations of the company, which planned to attract $10 billion. Some 20 financial organizations joined the creditor syndicate. However, Bloomberg's insiders refrained from... The post SoftwareBank raised $11.87 bill…
After the collapse of Monday triggered by the appeal of Anthropic and OpenAI to slow down the development of AI, the Japanese title bounced by almost 10% on Tuesday and then come back down today, while the rest of Asian technology runs. Other Markets / Japan, OpenAI, SoftBank
SoftBank's Credit Default Swaps Hit a Three Year High Over Its OpenAI Bet
SoftBank's five-year credit default swaps jumped to about 384.6 basis points, the highest since 2023, after Sam Altman told Fortune that OpenAI won't IPO this year. Bloomberg estimates SoftBank now faces a funding gap of at least $20 billion as it tries to refinance a $40 billion bridge loan tied to its $64.6 billion OpenAI stake.
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