SoftBank's talks to raise $6 billion through a margin loan against its OpenAI stake stall

businessaiai-fundraising 2 posts · 2 accounts

SoftBank's talks with creditors to raise $6 billion through a margin loan backed by its OpenAI stake have stalled, Bloomberg reported, citing sources. The discussions were halted weeks after SoftBank cut the financing target from $10 billion to $6 billion.

From the sources (2 posts)

@edzitron

@techmeme

Sources: SoftBank's talks with creditors to raise $6B through a margin loan backed by its OpenAI stake have stalled, weeks after it cut its target from $10B (Bloomberg) (Visit Techmeme dot com for the link and full context!)

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