Market Chatter: SoftBank Racing to Fulfill $22.5 Billion Funding Commitment to Microsoft-Backed OpenAI by End of Year

MT Newswires Live12-22 19:13

SoftBank Group is racing to complete a $22.5 billion funding commitment to Microsoft-backed (MSFT) OpenAI by the end of the year through various cash-raising schemes, including a sale of certain investments, Reuters reported Friday, citing unnamed sources.

The Japanese firm could tap its undrawn margin loans borrowed against its stake in Arm Holdings (ARM), the unnamed sources told the news agency.

The firm is working to take public its PayPay payments app operator, aiming to raise more than $20 billion in Q1, Reuters reported, citing one direct source and another person familiar with the efforts.

SoftBank is also seeking to cash out some of its holdings in Didi Global, the operator of China's ride-hailing platform, according to the report.

Microsoft has invested billions of dollars into OpenAI.

SoftBank didn't immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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