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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. To make lenders more comfortable, the Japanese technology investor is … Read more

SoftBank’s bid to raise $6 billion margin loan backed by OpenAI stake stall: Report

SoftBank Group’s talks with potential creditors to raise at least $6 billion from a margin loan backed by its OpenAI ⁠stake have stalled, Bloomberg News reported on Wednesday, citing sources. The company is considering various fundraising options, the report said, ⁠adding that it could still move forward with the margin ⁠loan at a later stage. … Read more

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