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1 month ago
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By Reuters
October 10, 20254:59 AM UTCUpdated ago
The logo of SoftBank is displayed at a company shop in Tokyo, Japan January 28, 2025. REUTERS/Issei Kato/File Photo Purchase Licensing Rights, opens new tab
Oct 10 (Reuters) - SoftBank Group Corp
(9984.T), opens new tabis in talks to borrow $5 billion from global banks for a margin loan secured by shares of its chip unit Arm Holdings
(O9Ty.F), opens new tab, Bloomberg News reported on Friday.
The capital will fund additional investment in OpenAI this year, the report added, citing people familiar with the matter.
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Reuters could not immediately verify the report.
Reporting by Rhea Rose Abraham in Bengaluru; Editing by Eileen Soreng
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