SoftBank Group (SFTBY) is in talks to borrow $5B from global banks, with the capital to fund additional investment in OpenAI this year, Min-Jeong Lee and Kari Soo Lindberg of Bloomberg report. The loan will be a margin loan secured by shares of its chip unit Arm Holdings (ARM), and will increase SoftBank’s total margin loans from Arm shares to $18.5B, according to the report. SoftBank is close to signing a deal with a handful of lenders for a margin loan, people familiar with the matter say.
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