SoftBank seeks up to $40 billion loan to finance OpenAI investment

The bridge loan would have a tenor of about 12 months, according to some of the people, who asked not to be identified, discussing private matters. Four lenders, including JPMorgan Chase & Co., will be underwriting the facility, the people said. Talks with banks are ongoing and details could change, the people added. Spokespeople for JPMorgan and SoftBank declined to comment.The potential size of the loan underscores SoftBank founder Masayoshi Son’s aggressive bid to try and position his company as a linchp ...