SoftBank Attempt To Get Downsized $6 Billion OpenAi Margin Loan Stalls

SoftBank Attempt To Get Downsized $6 Billion OpenAi Margin Loan Stalls One month ago, Japanese tech giant SoftBank Group, was forced to downsize plans for a $10 billion margin loan backed by its OpenAI stake after facing hesitation from some creditors. Today, it couldn't even get that done after talks with potential creditors to raise the downsized $6 billion stalled amid rising concerns about the collateral value, Bloomberg reported citing people familiar with the matter.  As a...

By Tyler Durden