Synopsis

SoftBank cuts target for OpenAI margin loan by 40% to $6 billion, Bloomberg News reports

SoftBank Group has downsized plans for a $10 billion margin loan ‌backed ⁠by ⁠its OpenAI stake after hesitation from some creditors, Bloomberg News reported ⁠on Friday, citing ‌people familiar with ⁠the matter said.

Softbank and ​bankers have mentioned ​in discussions targeting an amount as ‌low as $6 billion, the ​report ​added.

Reuters ⁠could not immediately verify the report.

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