US EditionSoftBank eyes up to $40 billion loan to fund OpenAI investment, Bloomberg News reports
SoftBank aims to secure a $40 billion bridge loan with a 12-month term from JPMorgan and others to fund its growing OpenAI stake amid IPO plans.
- On March 6, Bloomberg reported that SoftBank sought a loan of up to $40 billion to finance its investment in ChatGPT-maker OpenAI.
- Last month, SoftBank Group said it would raise $110 billion including a $30 billion contribution, and Masayoshi Son, SoftBank Chief Executive, has ramped up investment in artificial intelligence following the Tokyo event, February 3, 2025.
- With verification pending, Reuters could not immediately verify Bloomberg's report, and OpenAI and SoftBank did not respond to Reuters' requests for comment.
- Given OpenAI's IPO talks, SoftBank held about an 11 per cent stake last year, and a new investment could impact ownership and valuation.
- The bridge loan would have a roughly 12-month tenor underwritten by four lenders including JPMorgan, with talks ongoing and terms subject to change.
15 Articles
15 Articles
SoftBank eyes up to $40 billion loan to fund OpenAI investment
JAPANESE conglomerate SoftBank is seeking a loan of up to $40 billion, primarily to finance its investment in ChatGPT-maker OpenAI, Bloomberg News reported on Friday, citing people familiar with the matter.
SoftBank seeks $40B loan to fund massive OpenAI bet after ChatGPT maker hits $730B valuation - Tech Startups
SoftBank is preparing one of the biggest financing moves in its history as the Japanese tech conglomerate looks to deepen its bet on OpenAI. The Japanese conglomerate is reportedly seeking a loan of up to $40 billion to help finance […] The post SoftBank seeks $40B loan to fund massive OpenAI bet after ChatGPT maker hits $730B valuation first appeared on Tech Startups.
SoftBank Seeks Record Loan of Up to $40 Billion for OpenAI Stake
SoftBank Group Corp. is seeking a loan of as much as $40 billion to mostly help finance its investment in US tech giant OpenAI, according to people familiar with the matter, in what would be its largest-ever borrowing denominated solely in dollars.
Coverage Details
Bias Distribution
- 50% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
