- Apollo Global Management is in talks with SoftBank Group to boost the size of a loan to $9 billion from $5.4 billion, according to people familiar with the discussions.
- The financing is backed by assets in SoftBank's Vision Fund 2 and is intended to help the Japanese firm amplify its bets on OpenAI.
- The final size of the loan is not yet settled, and representatives for both Apollo and SoftBank declined to comment.
Quotes
“The size of the financing, which is backed by assets in SoftBank’s Vision Fund 2, hasn’t been finalized, the people said, requesting not to be identified because the discussions are private.”
“Representatives for Apollo and SoftBank declined to comment.”