SoftBank’s Attempt to Get $6 Billion OpenAI Margin Loan Stalls - Bloomberg.com
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- SoftBank attempted to secure a $6 billion margin loan from OpenAI, but the loan stalled.
- SoftBank’s shares fell more than 8 % as global tech stocks tumbled, mirroring Wall Street losses.
- SoftBank’s stock has dropped about 20 % over the past week, according to CNBC.
- SoftBank is no longer Japan’s most valuable company, per the CNBC coverage.
Why it matters: SoftBank loses the $6 billion liquidity boost it sought, and its shares have slumped over 8 % on the day and about 20 % in a week, eroding its market value and ending its status as Japan’s most valuable firm. The stalled loan also coincides with a broader tech sell‑off that has dragged down global tech stocks and mirrored Wall Street losses.
