Apollo Lifts SoftBank Loan to $9 Billion as AI Venture Escalates OpenAI Bet
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Apollo Global Management is in advanced talks with SoftBank Group to increase a net-asset-value loan backing Vision Fund 2 to $9 billion from $5.4 billion, enabling the Japanese conglomerate to amplify its $64.6 billion wager on OpenAI without liquidating portfolio holdings. The proposed expansion, which remains subject to finalization, underscores how large institutional investors are layering multiple credit structures to finance AI commitments as capital demands accelerate across the sector.
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