(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 […]
Science
SoftBank in talks for $5 billion margin loan backed by Arm stock, Bloomberg News reports
Audio By Carbonatix
(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.
(Reporting by Rhea Rose Abraham in Bengaluru; Editing by Eileen Soreng)