SoftBank Group Corp. Could Partly Fund OpenAI Deal via Asset Sales -- Market Talk

Dow Jones03-03

0657 GMT - SoftBank Group Corp. is likely to fund a material portion of its additional OpenAI investment through asset sales and equity-backed financing, say CreditSights analysts in a note. The Japanese technology investor made a $30 billion follow-on investment in OpenAI, raising its stake to around 13%.This deal is likely to raise its loan to value ratio to around 25.3% from 20.6%, above SoftBank's cap "in normal times," the analysts say. SoftBank might consider raising new equity and could tap on both dollar and euro bond markets in coming months, CreditSights adds. While SoftBank's reduced diversification after the deal could be a key credit risk, the robust valuations of its key assets likely helps to compensate for such concerns, they add. News Corp, owner of Dow Jones Newswires and The Wall Street Journal, has a content-licensing partnership with OpenAI.(megan.cheah@wsj.com)

 

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March 03, 2026 01:57 ET (06:57 GMT)

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