Friday, November 29, 2019
Lightspeed and Sequoia close $1.5 billion share sale from Oyo
The size and return multiple on the exit from Oyo was last seen when Walmart spent $16 billion to buy 77% stake in Flipkart, out of which $14 billion was spent buying shares of existing investors. https://ift.tt/2OvUxBs https://ift.tt/eA8V8J
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Sources: SoftBank invites more banks to join its $40B loan backing its OpenAI investment, requiring them to commit ~$5B each; SoftBank has already invested $30B (Bloomberg)
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