Elon Musk launched an offer of $ 97.4 billion to take control of Openai. The Wall Street Journal reported a group of investors led by Musk xai Submitted an unsolicited offer on Monday to the company’s board of directors. The group wishes to buy the non -profit organization which controls OpenAi’s for profit.
When asked for comments, an Openai spokesperson pointed out X post CEO Sam Altman. “No thank you, but we will buy Twitter for $ 9.74 billion if you wish,” Altman wrote on the social media platform that Musk owns.
On Friday, the Board of Directors of Openai officially rejected Musk’s offer. “Openai is not for sale, and the board of directors unanimously rejected Mr. Musk’s last attempt to disturb his competitors,” said the company in a response to Bret Taylor, president of the council of ‘Administration of Openai. “Any potential reorganization of OpenAi will strengthen our non -profit organization and its mission to guarantee that AGE benefits all humanity.”
Taylor, moreover, was the chairman of the Twitter board of directors before Musk buy the social media platform for $ 44 billion in 2022.
“Openai is not for sale, and the board of directors unanimously rejected Mr. Musk’s last attempt to disrupt his competition. Any potential reorganization of Openai will strengthen our non -profit organization and its mission as Make sure that act benefits all humanity. “
—Bret Taylor, president, on behalf of …
– OPENAI Newsroom (@openainewsroom) February 14, 2025
“It’s time for Openai to return to open source force and focus on good,” Musk said in a statement with which his lawyer shared The newspaper. “We will make sure it happens.”
It is difficult to say to what extent this Musk offer is serious and what – if necessary – that he has to succeed. Openai is not a traditional company, and the non -profit structure Sam Altman and other members of the company want him to move away from May in fact protects him from Musk’s offer. Were OPENAI a for -profit company with listed shares on the stock market that Musk’s offer would probably trigger what is known in business law as a moment of revlon, where, in certain circumstances, the board of directors of the company would be forced to sell to the most offering to maximize the profits of shareholders.
Update 02/14 4:34 PM HE: Addition of the response from the Board of Directors of Openai.
This article originally appeared on Engadget at https://www.engadget.com/ai/openais-board-board-rejects-elon-musks-974-billion-takeover-bid-215221683.html?src=RSSSS
