SoftBank's attempt to get $6b OpenAI margin loan stalls

SoftBank's attempt to get $6b OpenAI margin loan stalls

FILE PHOTO: The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. REUTERS/Issei Kato/File Photo

SoftBank Group’s talks with potential creditors to raise at least $6 billion from a margin loan backed by its OpenAI stake have stalled, Bloomberg News reported on Wednesday, citing sources.

The company is considering various fundraising options, the report said, adding that it could still move forward with the margin loan at a later stage.

Reuters could not immediately verify the report.

Reuters

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