SoftBank in talks for $5 billion margin loan backed by Arm stock, Bloomberg News reports
FILE PHOTO: The logo of SoftBank is displayed at a company shop in Tokyo, Japan January 28, 2025. REUTERS/Issei Kato/File Photo
SoftBank Group Corp is in talks to borrow $5 billion from global banks for a margin loan secured by shares of its chip unit Arm Holdings, Bloomberg News reported on Friday.
The capital will fund additional investment in OpenAI this year, the report added, citing people familiar with the matter.
Reuters could not immediately verify the report.
Source: Reuters
