SoftBank in talks for $5 billion margin loan backed by Arm stock: Bloomberg

SoftBank Group is discussing a $5 billion loan from global banks, using shares of its chip business Arm Holdings as security. The funds will support more investment in OpenAI this year, Bloomberg News reported.

Reuters
SoftBank Group Corp is in talks to borrow $5 billion from global banks for a margin loan secured by shares of its chip unit Arm Holdings, Bloomberg News reported on Friday.

The capital will fund additional investment in OpenAI this year, the report added, citing people familiar with the matter.

Reuters could not immediately verify the report.

Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › Tech › Tech & Internet › SoftBank in talks for $5 billion margin loan backed by Arm stock: Bloomberg
Text Size:AAA
Success
This article has been saved

*

+