Topic: bridge loan financing

  • SoftBank secures $40 billion for OpenAI investment

    SoftBank secures $40 billion for OpenAI investment

    SoftBank Group secured a $40 billion bridge loan, its largest dollar-denominated loan, to fund a major expansion into AI, including a $30 billion follow-on investment in OpenAI. The loan enables SoftBank to participate in OpenAI's $110 billion funding round, which will increase its stake to rough...

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  • SoftBank surges to record high on anticipated OpenAI IPO

    SoftBank surges to record high on anticipated OpenAI IPO

    The Nikkei 225 surged above 65,000 for the first time, driven primarily by a record rally in SoftBank Group shares on speculation that OpenAI is preparing to file for an IPO. SoftBank, which holds a 13% stake in OpenAI and a controlling interest in Arm, has invested $32.4 billion in OpenAI, with ...

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