Softbank Group Executes Final Tranche Of Follow-On Investment In OpenAI In Amount Of $10.0 Billion

By Reuters News

Oct 1 (Reuters) - SoftBank Group Corp. 9984.T:

  • SOFTBANK GROUP CORP.: EXECUTED THIRD AND FINAL TRANCHE OF THE FOLLOW-ON INVESTMENT IN OPENAI GROUP PBC IN AMOUNT $10.0 BILLION

  • SOFTBANK GROUP CORP: CUMULATIVE OPENAI INVESTMENT NOW $64.60 BILLION WITH ABOUT 13% OWNERSHIP

  • SOFTBANK GROUP: EFFECTIVE SEP 30, CANCELED REMAINING $10.0 BILLION OF UNDRAWN CAPACITY UNDER BRIDGE FACILITY AGREEMENT ENTERED INTO ON MAR 27 WITH OPENAI

  • SOFTBANK GROUP: ALL BORROWINGS UNDER BRIDGE FACILITY AGREEMENT HAVE BEEN REPAID AND NO UNDRAWN COMMITMENTS REMAIN - WEBSITE

Further company coverage: 9984.T

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