OpenAI employees can sell $1.5 billion in shares to SoftBank, part of stock options trend.

From Google: 2024-11-27 06:35:07

OpenAI is permitting its employees to sell $1.5 billion worth of shares in a new tender offer to SoftBank. This move is part of a broader trend of tech companies allowing employees to cash out their stock options. SoftBank previously invested $1 billion in OpenAI in 2019. The tender offer could potentially value OpenAI at $22 billion. This news comes as SoftBank has been making significant investments in the tech sector, including in companies like DoorDash and Uber. The deal allows OpenAI employees to realize gains from their stock options in the company.



Read more at Google: OpenAI allows employees to sell $1.5 billion-worth of shares in new tender offer to SoftBank: Report | Stock Market News – Mint