SoftBank secures $40B bridge loan to fund its OpenAI bet
📰 The Next Web AI
SoftBank secures $40B bridge loan to fund its investment in OpenAI
Action Steps
- SoftBank secures a $40B bridge loan from major banks
- The loan will be used to fund SoftBank's $30B follow-on investment in OpenAI
- The investment is expected to close by March 2027, when the loan matures
- Once the investment closes, SoftBank's cumulative stake in OpenAI will total approximately $64.6B
Who Needs to Know This
Investment and finance teams at SoftBank and OpenAI will benefit from this deal, as it provides the necessary funding for SoftBank's $30B follow-on investment in OpenAI
Key Insight
💡 SoftBank is making a significant investment in OpenAI, totaling $64.6B, representing roughly 13% of the company
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💡 SoftBank secures $40B bridge loan to fund its OpenAI bet
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