Brief: Softbank Group Executes Final Tranche Of Follow-On Investment In OpenAI In Amount Of $10.0 Billion
BRIEF-Softbank Group Executes Final Tranche Of Follow-On Investment In OpenAI In Amount Of $10.0 Billion Oct 1 (Reuters) - SoftBank Group Corp. 9984.T:
SOFTBANK GROUP CORP.: EXECUTED THIRD AND FINAL TRANCHE OF THE FOLLOW-ON INVESTMENT IN OPENAI GROUP PBC IN AMOUNT $10.0 BILLION
SOFTBANK GROUP CORP: CUMULATIVE OPENAI INVESTMENT NOW $64.60 BILLION WITH ABOUT 13% OWNERSHIP
SOFTBANK GROUP: EFFECTIVE SEP 30, CANCELED REMAINING $10.0 BILLION OF UNDRAWN CAPACITY UNDER BRIDGE FACILITY AGREEMENT ENTERED INTO ON MAR 27 WITH OPENAI
SOFTBANK GROUP: ALL BORROWINGS UNDER BRIDGE FACILITY AGREEMENT HAVE BEEN REPAID AND NO UNDRAWN COMMITMENTS REMAIN - WEBSITE
Further company coverage: 9984.T
((Reuters.Briefs@thomsonreuters.com;))
Recent news on Softbank
See all newsJapan's Nikkei slips as chip shares pressured by AI capex caution
Factbox: As Reliance Jio eyes listing, what are India's biggest share offerings?
Japan's Nikkei ends lower as higher yields, inflation fears weigh
OpenAI seeks to accelerate fundraising ahead of Anthropic IPO, sources say
SoftBank weighs $18 billion acquisition of Allied Universal, source says (updated)