November 26, 2024 – 11:42 PM PST
(Reuters) – ChatGPT-owner OpenAI is allowing its employees to sell roughly $1.5 billion worth of shares in a new tender offer to Japan’s SoftBank Group (9984.T), two sources familiar with the matter told Reuters on Wednesday.
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SoftBank’s billionaire CEO Masayoshi Son has been persistent in seeking a larger stake in the startup after investing in the last funding round, according to CNBC, which first reported the news.
The Microsoft-backed artificial intelligence start-up raised $500 million from the Japanese conglomerate, according to a media report, in a $6.6 billion funding round in October at a valuation of $157 billion.
OpenAI employees will have until Dec. 24 to decide if they want to participate in the new funding round, a source told Reuters, adding that…
