CNBC November 27, 2024
Key Points
– OpenAI is allowing employees to sell about $1.5 billion worth of shares in a new tender offer to SoftBank, CNBC has learned.
– SoftBank’s latest investment adds to OpenAI’s recent $6.6 billion funding round at a $157 billion valuation.
– The deal was spurred by SoftBank billionaire founder and CEO Masayoshi Son, who was persistent in asking for a larger stake in the company, a person familiar with the matter said.
OpenAI is allowing employees to sell about $1.5 billion worth of shares in a new tender offer to SoftBank, CNBC has learned.
The new financing will allow the Japanese tech conglomerate to get an even larger slice of the AI startup and allow current and former...
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