SoftBank renews talks for $10 billion loan against OpenAI stake, adds concessions: Report
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9 Articles
SoftBank loan against OpenAI stake: SoftBank renews talks for $10 billion loan against OpenAI stake, adds concessions
To make lenders more comfortable, the Japanese technology investor is offering to guarantee repayment of the loan, giving banks recourse to SoftBank if the OpenAI shares pledged as collateral lose value, the people said.
EXCLUSIVE: SoftBank renews talks for $10 billion loan against OpenAI stake, adds concessions, sources say
SoftBank Group has reopened talks with a consortium of lenders for a $10 billion loan backed by its stake in OpenAI, after earlier attempts to secure a loan stalled over concerns about the difficulty of valuing private companies, two people familiar with the matter said.
SoftBank stock surges: is OpenAI loan the next big AI catalyst?
SoftBank Group stock rose on Thursday after a report said the Japanese investor had revived talks for a$10 billion loan backed by its OpenAI stake.The development gave markets another reason to bet on Masayoshi Son’s artificial intelligence push.The stock climbed 2.3% to ¥6,137, outperforming a 0.5% rise in the Nikkei 225.Why the OpenAI loan talks came back to lifeThe deal is not just another borrowing plan. It is a test of how much value banks …

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