12:22 PM EDT, 08/27/2025 (MT Newswires) -- (Updates with joint statement from companies in the fourth paragraph.)

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.

"We have a long-term, productive partnership that has delivered amazing AI tools for everyone. Talks are ongoing and we are optimistic we will continue to build together for years to come," OpenAI and Microsoft ( MSFT ) said in a joint statement e-mailed to MT Newswires.

(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.)

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