Apollo is reportedly discussing increasing SoftBank’s loan from $5.4B to $9B, using Vision Fund 2 assets as collateral. The goal is to give SoftBank more cash to support its huge #OpenAI investment.
The move highlights SoftBank’s aggressive AI strategy, but also raises concerns about rising debt and financing risk, especially as it may seek additional junk-bond funding.
$LINK | $TAO | $OPEN
#OstiumLoanDisputeHearingSetInNYFederalCourt #BinanceSquare #CryptoCommunity
The move highlights SoftBank’s aggressive AI strategy, but also raises concerns about rising debt and financing risk, especially as it may seek additional junk-bond funding.
$LINK | $TAO | $OPEN
#OstiumLoanDisputeHearingSetInNYFederalCourt #BinanceSquare #CryptoCommunity