SoftBank is arranging a new $5 billion margin loan to invest in OpenAI and use its shares in Arm Holdings as collateral, reports Bloomberg. The move will enable the company to increase its stake in OpenAI and/or invest in the company’s infrastructure, while taking the company’s total borrowing against Arm shares to $18.5 billion.
The Japanese investment company is said to be negotiating with several international banks to finalize the deal, which will be collateralized by Arm stock. The company had…