Elon Musk will withdraw bid for OpenAI’s nonprofit if its board agrees to terms

MT HANNACH
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In a Tribunal table WednesdayAn Elon Musk lawyer said the billionaire would withdraw his $ 97.4 billion offer for the non -profit organization of OPENAI if the Board of Directors of the Chatgpt manufacturer “preserves the mission of the organization charitable ”and stops conversion to a for -profit society.

The file, subject to the American district court of the North District of California, says that Musk’s offer to buy non -profit from Openai is “serious” and that the non -profit organization “must be compensated By what a buyer of length of arms will pay for his assets. “”

“Should […] The assets of the charitable proceeding to dirty, a consortium led by muscles submitted a serious offer […] This would go to the charitable organization in the continuation of its mission, ”says the file. “”[However, if] The Board of Directors of Openai, Inc. is ready to preserve the mission of the charity and to stipulate to withdraw the “for sale” panel by stopping its conversion, Musk will remove the offer. »»

The file is the last development of a saga that started on Musk, his company from IA, XAI, and a group of investors Offered to buy the non -profit organization that effectively governs Openai for $ 97.4 billion. The CEO of Openai, Sam Altman, and the board of directors of the company Quickly rejected the unsolicited proposal. In a statementAndy Nussbaum, the lawyer representing the Board of Directors of OpenAI, said that Musk’s offer “did not set any value for [OpenAI’s] non -profit “and that the non -profit organization is” not for sale “.

Musk, a co-founder of Openai, brought a prosecution against the company and Altman who alleys that Optaai has embarked on anti-competitive behavior and fraud, among other offenses.

Openai was founded as a non -profit organization before moving on to a “for -profit” structure in 2019. The non -profit organization is the only controlling shareholder of the CAPP for the purpose of Openai Corporation, which retains official fiduciary responsibility for the non -profit charter. Openai is now restructuring – this time for a traditional for -profit company, in particular a public service company. But Musk, via the trial, seeks to prohibit conversion.

In a Deposit earlier WednesdayOPENAI lawyers called Musk’s decision to take control of the company “an inappropriate offense to undermine a competitor”, and a contradiction of his position before the court that a transfer of the assets of the startup by the restructuring would violate his mission as a charitable trust.

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