SoftBank pours another $1.5B into OpenAI to buy out employee shares
SoftBank is buying up to $1.5 billion worth of OpenAI shares directly from current and former employees through a new tender offer. The deal, pushed hard by Masayoshi Son after his $500 million check in October, prices shares at $210 to match the startup's $157 billion valuation. It gives staff a rare liquidity window while an IPO remains nowhere in sight.