OpenAI nears stock sale at $90B valuation — with help of Middle East: sourcesFears are growing that the Hamas attacks on Israel will freeze dealmaking in the Middle East — and the PGA Tour’s merger with Saudia Arabia-backed LIV could be among the casualties, insiders told On The Money.has spent $2 billion in the past two years to launch LIV, luring away top players like Phil Mickelson with eye-popping financial packages.
The Glazers are only selling part of Manchester United and didn’t want to be closely partnering with the Qataris, sources said.“People who went to Formula 1 in Qatar before the attacks have been getting shamed,” one source who’s raised money in the region said. “The Qataris buying a British soccer team is a bridge too far.”
“When it comes to brand adjacency, people don’t distinguish,” a source said of raising money from various funds in The Middle East. “The optics are too risky.” OpenAI is close to selling shares at a valuation nearing $90 billion Last year, one panel included JPMorgan Chase CEO Jamie Dimon, Goldman CEO David Solomon, Blackstone CEO Stephen Schwarzman and Bridgewater Associates founder Ray Dalio.