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RE: LeoThread 2024-11-27 02:49

in LeoFinance2 months ago

Part 1/6:

OpenAI's New $1.5 Billion Stake Sale to SoftBank

In a significant development for OpenAI, the company is reportedly set to sell a new $1.5 billion stake to SoftBank. This transaction will be conducted through a tender offer allowing both current and former employees to cash out their shares, potentially providing much-needed liquidity in a tech industry grappling with a drought of initial public offerings (IPOs).

Details of the Sale