SoftBank Group

SoftBank Group is a Japanese multinational holding conglomerate that invests in technology, energy, and financial services companies. It is currently raising large sums of capital through bond sales to fund a significant investment in OpenAI.

Why it’s in the news: It is in the news due to its massive bond offerings to finance its investment in OpenAI and the subsequent market reaction to OpenAI's announcement that it will not go public this year.

Latest on SoftBank Group

• SoftBank Group plans record sales of high-yield bonds to invest in OpenAI
• SoftBank Group to launch $11bn bond sale to fund OpenAI investment
• Softbank Group launches over $10 billion in bonds for OpenAI investment, term sheet shows
• SoftBank Group plunges 11% after OpenAI says no IPO this year
• SoftBank Group sets 4.75% coupon for 1 trillion yen retail bond
• SoftBank plans record $6.3 billion retail bond sale in Japan ↗
• The Japanese tech firm fulfilled its commitment to the ChatGPT maker's final fundraising round.
• SoftBank Group completed its $30 billion investment in OpenAI on Thursday.
• When the board reviews SoftBank's bond prospectus, how many of those AI investments have a clear exit strategy?
• Who's auditing the risk of a debt-fueled AI arms race?
• The funds will be used to invest in OpenAI, the artificial intelligence company.
• SoftBank Group issued $11.1 billion in dollar- and euro-denominated bonds on Thursday. The technology investor aims to generate cash for artificial intelligence investments.

Connections

80 entities linked to SoftBank Group across the news graph.