SoftBank is set to acquire more OpenAI shares through a $1.5 billion tender offer for current and former employees.
Eligible employees, holding restricted stock units for at least two years, can sell their shares at $210 per unit, matching OpenAI's $157 billion valuation in its October 2024 funding round. The deal, driven by SoftBank CEO Masayoshi Son, aims to increase SoftBank’s stake in the AI leader after its $500 million investment in October.
Employees have until December 24 to participate. This move underscores SoftBank's focus on AI amid growing competition from Microsoft, Google, and others.