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Will OpenAI complete the employee tender offer by December 31, 2024?
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Official announcement from OpenAI or financial news outlets
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OpenAI Secures $1.5 Billion from SoftBank, Employees Can Sell Shares in Tender Offer
Nov 27, 2024, 06:02 AM
OpenAI has secured an additional $1.5 billion investment from SoftBank, allowing its employees to sell shares in a tender offer. This investment follows OpenAI's recent $6.6 billion funding round at a $157 billion valuation, driven by SoftBank CEO Masayoshi Son's push for a larger stake. Employees have until December 24 to decide whether to participate in the tender offer, which is set to close this week, according to CNBC reports.
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