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OpenAI's next major partnership by June 30, 2025?
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SoftBank Invests $1.5B in OpenAI at $157B Valuation via Employee Tender Offer
Nov 27, 2024, 07:48 AM
OpenAI is allowing its employees to sell approximately $1.5 billion worth of shares to SoftBank Group in a new tender offer, according to reports from CNBC and other sources. The tender offer, spurred by SoftBank founder Masayoshi Son, will enable employees to cash out their shares at $210 per unit, matching OpenAI's valuation of $157 billion from its recent $6.6 billion funding round. The tender offer is set to close this week, and employees have until December 24 to decide whether to participate.
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