Valuation reports from financial analysts or official announcements

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.