SoftBank Group Resumes Negotiations on $10 Billion Loan Backed by OpenAI Equity, Goldman Sachs Expected to Participate

Odaily News - SoftBank Group has resumed negotiations with a lending syndicate for a $10 billion loan backed by its holdings in OpenAI equity. In response to lenders' concerns about the difficulty of valuing private companies, SoftBank Group has proposed providing a guarantee for loan repayment. If the OpenAI shares used as collateral depreciate, banks can seek recourse against SoftBank Group. The loan syndicate is expected to include Goldman Sachs, JPMorgan Chase, and Mizuho Group.