SoftBank Group restarts negotiations on $10 billion loan secured by OpenAI equity, with Goldman Sachs and others expected to participate

Odaily News: SoftBank Group has restarted negotiations with a syndicate of lenders on a $10 billion loan secured by its stake in OpenAI. In response to lenders’ concerns over the difficulty of valuing private companies, SoftBank Group has proposed providing a guarantee for the loan’s repayment; if the OpenAI shares used as collateral depreciate, banks can seek recourse from SoftBank Group. The loan syndicate is expected to include Goldman Sachs, JPMorgan Chase, and Mizuho Group.