07:05 AM EDT, 08/27/2025 (MT Newswires) -- Microsoft's ( MSFT ) negotiations with OpenAI over key contract terms are likely to push OpenAI's corporate restructuring into next year, the Financial Times reported Wednesday.

A deal would allow the ChatGPT maker to complete plans for a restructure that would allow investors to own equity in the company and enable a future initial public offering, the report said.

If an agreement is not reached by the end of the year, SoftBank may withhold its $10 billion commitment to OpenAI, the report said. It could also hamper OpenAI's efforts to raise more capital, the report added.

Microsoft ( MSFT ) and OpenAI did not immediately respond to MT Newswires' request for comment.

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