SoftBank shares jump over 7% after $11.1 billion bond issuance to fund OpenAI bet

SoftBank shares jumped more than 7% after the Japanese tech investor issued $11.1 billion in bonds to help fund its OpenAI investment.

SoftBank shares jump over 7% after $11.1 billion bond issuance to fund OpenAI bet

TL;DR

  • SoftBank Group shares rose more than 7% on Thursday.
  • The company announced an $11.1 billion bond issuance.
  • The proceeds will fund the third tranche of its $30 billion investment in OpenAI.
  • The total investment in OpenAI will reach $64.6 billion, resulting in approximately a 13% stake.
  • The fundraising addresses investor concerns about financing SoftBank's AI ambitions and balance sheet leverage.

Continuar leyendo el artículo original