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-0.000400396915202928 -0.000330762669080749 0.000156677053774904 -0.00158417909928117 0.002141253068259 0.00541406263600421 0.00503107428233203 0.00405619483662052
Stock impact report

SoftBank Seeks Up to $40 Billion Loan to Fund Expanding OpenAI Investment [Yahoo! Finance]

JP Morgan Chase & Co. (JPM) 
Last jp morgan chase & co. earnings: 4/14 06:43 am Check Earnings Report
Company Research Source: Yahoo! Finance
This article first appeared on GuruFocus SoftBank Group ( SOBKY ) is exploring a bridge loan of up to $40 billion to help finance its expanding investment in OpenAI, according to people familiar with the matter. The borrowing, which could become the company's largest ever denominated entirely in US dollars, is expected to carry a tenor of roughly 12 months. Four lenders, including JPMorgan Chase ( NYSE:JPM ), are set to underwrite the facility, though discussions with banks are ongoing and final terms could still change. Representatives for SoftBank and JPMorgan declined to comment on the talks. Warning! GuruFocus has detected 5 Warning Signs with SOBKY. Is SOBKY fairly valued? Test your thesis with our free DCF calculator. The potential financing underscores founder Masayoshi Son's intensifying push to position SoftBank at the center of the global artificial-intelligence buildout. The company has committed about $30 billion to OpenAI on top of more than $30 billion previousl Show less Read more
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