Jul. 2 at 11:09 AM
$SFTBY $GS $JPM $MFG
SoftBank reopens talks for
$10B loan backed by OpenAI stake, Reuters reports
SoftBank (SFTBY) has resumed discussions with lenders for a
$10B loan backed by its stake in OpenAI, offering a repayment guarantee to address concerns over valuing private-company shares and reduce lenders' collateral risk, Reuters' Echo Wang reports. According to people familiar with the mater, the lending consortium is expected to include Goldman Sachs (GS), JPMorgan (JPM), and Mizuho (MFG), and is part of SoftBank's efforts to finance its ambitious AI investment strategy.