SoftBank's stock rose sharply after it issued $11.1 billion in bonds to help finance its OpenAI investment.
SoftBank shares climbed more than 7% after the Japanese tech investor issued $11.1 billion in bonds, CNBC reported. The bond sale is designed to help finance SoftBank's investment in OpenAI.
The sharp rise in the stock price indicates a positive market reaction to the move. The report did not specify the terms of the bond issuance or the size of the OpenAI investment.
This article is based on a single source, so there are no differing reports to compare.
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