SoftBank Group Corp. aims to increase its stake in OpenAI by acquiring up to $1.5 billion in shares from the startup’s employees, according to people familiar with the matter.

OpenAI is permitting its staff to sell roughly $1.5 billion worth of shares to SoftBank in a fresh tender offer, according to CNBC. TakeAway Points: OpenAI is enabling its staff to sell roughly $1.5 billion worth of shares to SoftBank in a fresh tender offer.