Lates News

According to two informed sources, SoftBank Group has restarted negotiations with a loan syndicate for a $10 billion loan using its stake in OpenAI as collateral. Previously, SoftBank's financing attempts had stalled due to concerns about the difficulty of valuing private companies in the market. To dispel the concerns of the lenders, SoftBank has proposed to provide guarantees for loan repayment, allowing the banks to recover from SoftBank if the value of the OpenAI shares used as collateral depreciates. The loan consortium is expected to include Goldman Sachs, JPMorgan Chase, and Mizuho Group.