Tiger Brokers

Update: Market Chatter: OpenAI in Talks With TPG, Brookfield and Other PE Firms on Forming JV

MT Newswires Live
19 hours ago

(Update with Bain Capital's response to a request for comment in the third paragraph.)

Microsoft-backed (MSFT) OpenAI is in advanced talks with TPG (TPG), Brookfield Asset Management (BAM), Advent International, and Bain Capital on forming a joint venture that would distribute the AI giant's products across the private-equity firms' portfolios of companies, Reuters reported Monday, citing four people familiar with the matter.

The proposed deal has a pre-money value of about $10 billion, two of the people reportedly told Reuters.

Bain Capital declined to comment to MT Newswires. The remaining companies didn't immediately reply to requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 399.12, Change: +3.57, Percent Change: +0.90

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