SoftBank boosts OpenAI stake and prices $11B bond sale
SoftBank is adding about $30 billion to its OpenAI holding, reaching a stake near $64.6 billion, and funding the move partly through a high-yield bond.
By Standard Topic. AI-generated from the reporting listed under Coverage. Published . Updated .
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What happened
SoftBank Group is adding about $30 billion to OpenAI, bringing its stake to roughly $64.6 billion. It is also pricing an $11 billion high-yield bond to fund more AI deals and is courting Gulf capital. Separately, it is exploring an $18 billion purchase of Allied Universal.
Timeline
- Oct 19, 6:00 PM ET: SoftBank is adding about $30 billion to OpenAI, reaching a stake of about $64.6 billion, and pricing an $11 billion high-yield bond.
- Oct 19, 6:00 PM ET: SoftBank is courting Gulf capital and exploring an $18 billion Allied Universal acquisition amid volatile stock drops.
Coverage
- AM Markets Need to Know: United CEO backs wealth tax, OpenAI seeks $30B, and more (TradingView)
- Netflix to report; OpenAI’s reported fundraising plans (Investing.com)
- Weekly Recap: SoftBank (9984) OpenAI stake rise and $11B bond sale (TradingView)
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