SoftBank Invests $1.5 Billion in OpenAI via Employee Share Buyout
TL;DR
OpenAI is allowing its employees to sell $1.5 billion worth of shares to SoftBank in a new tender offer, as SoftBank's CEO Masayoshi Son seeks a larger stake in the AI startup. This follows SoftBank's previous $500 million investment in OpenAI during a $6.6 billion funding round. Employees have until December 24 to decide on participation, with the offer price matching the last funding round. The investment will be made through SoftBank's Vision Fund 2.
- OpenAI allows employees to sell $1.5 billion stock to SoftBank, CNBC reports Yahoo Finance
- OpenAI gets new $1.5 billion investment from SoftBank, allowing employees to sell shares in a tender offer CNBC
- OpenAI allows employees to sell $1.5 bln stock to SoftBank, CNBC reports Reuters
- SoftBank Group Plans to Invest $1.5 Billion in OpenAI Through Tender Offer The Wall Street Journal
- OpenAI employees to sell $1.5 bln in shares to SoftBank- CNBC Investing.com
Want the full story? Read the original reporting
Read on Yahoo Finance