OpenAI buys back $7 billion of employee shares in a tender offer

OpenAI Buys Back $7 Billion of Employee Shares in Tender Offer

OpenAI just closed a $7 billion tender offer to buy back shares from employees and early investors. The price implies a roughly $300 billion valuation, double the $157 billion figure from late last year. Bloomberg reports the cash came from a SoftBank-led funding round, not from OpenAI's own balance sheet. The post doesn't spell out the exact pricing formula or what percentage of eligible shares were tendered.

Why it matters: A $7B tender offer doubling OpenAI's implied valuation to $300B is a hard capital-markets story. HKR all hit, but the article lacks pricing mechanics and the buyback ratio, capping it at 78—right at the featured threshold.