SoftBank in Talks for $5 Billion Margin Loan Backed by Arm Stock, Bloomberg News Reports

SoftBank in talks for $5 billion margin loan backed by Arm stock, Bloomberg News reports

SoftBank Group Corp is in talks to borrow $5 billion from global banks for a margin loan secured by shares of its chip unit Arm Holdings, Bloomberg News reported on Friday.The capital will fund additional investment in OpenAI this year, the report added, citing people familiar with the matter.Reuters c

SoftBank in Talks for $5 Billion Margin Loan Backed by Arm Stock

SoftBank Group Corp. is in talks to borrow $5 billion from global banks, refilling its coffers at a time Masayoshi Son is accelerating the Japanese investment firm’s bets on artificial intelligence.

SoftBank in talks for $5B loan backed by Arm Stake to fund AI push

SoftBank Group Corp. is in advanced talks to secure a $5 billion loan from international banks, signaling the Japanese investment giant’s efforts to ease financial constraints around its nearly $100 billion Vision Fund following the economic impact of the COVID-19 pandemic. The loan would be backed by shares of Arm Holdings Plc, the British chip design firm controlled by SoftBank. Sources familiar with the matter, who requested anonymity due to …