SoftBank cuts target for OpenAI margin loan by 40% to $6 billion, Bloomberg News reports

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May 8 : SoftBank Group has downsized plans for a $10 billion margin loan backed by its OpenAI stake after hesitation from some creditors, Bloomberg News reported on Friday, citing people familiar with the matter said.

Softbank and bankers have mentioned in discussions targeting an amount as low as $6 billion, the report added.

Reuters could not immediately verify the report.

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