OpenAI allows employees to sell $1.5 bln stock to SoftBank, CNBC reports
Portfolio Pulse from
OpenAI is permitting its employees to sell approximately $1.5 billion in shares to SoftBank Group in a new tender offer, as reported by CNBC. This move involves Microsoft-backed OpenAI.
November 27, 2024 | 5:45 am
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NEUTRAL IMPACT
Microsoft-backed OpenAI is allowing employees to sell $1.5 billion in shares to SoftBank. This could impact Microsoft's investment in OpenAI.
Microsoft is a backer of OpenAI, and this transaction could affect its investment. However, the direct impact on Microsoft's stock is uncertain, leading to a neutral short-term score.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50