OpenAI Rejects Elon Musk’s $97.4 Billion Bid for Control of the Company

Read more at The New York Times
Topics
-
OpenAI rejects Elon Musk's $97.4 billion takeover bid
OpenAI attorney William Savitt said the proposal "is not in the best interests of OAI's mission and is rejected."CBS News - 5d -
OpenAI Questions Rationale of Elon Musk’s Bid to Control the Company
The company answered the billionaire’s offer in a legal filing, accusing him of hypocrisy.The New York Times - Feb. 12 -
Elon Musk Leads $97.4 Billion Bid to Control OpenAI
The billionaire is leading a group of investors in the unsolicited offer, which complicates the start-up’s plan to raise more money.The New York Times - Feb. 11 -
Behind Elon Musk’s Hostile Bid for Control of OpenAI
The tech mogul is unlikely to win. But his goal may be more about making life difficult for the A.I. start-up and its leader, Sam Altman.The New York Times - Feb. 11 -
OpenAI rejects $97.4bn Musk bid and says company is not for sale
Maker of ChatGPT rebuffs consortium led by Tesla owner and rejects ‘latest attempt to disrupt his competition’. OpenAI on Friday rejected a $97.4bn bid from a consortium led by billionaire Elon ...The Guardian - 5d -
OpenAI's board rejects bid from Elon Musk-led group
OpenAI's board rejected a $97.4-billion bid by an Elon Musk-led investment group to buy the San Francisco startup. OpenAI's board chair said the company is not for sale.Los Angeles Times - 5d -
OpenAI Board Rejects $97.4 Billion Offer From Elon Musk
This is Musk’s plan to stop the startup from becoming a for-profit firm.Inc. - 5d -
Elon Musk-led investor group offers $97.4 billion for control of OpenAI
Billionaire Elon Musk is leading a group of investors in a $97.4 billion bid to take control of artificial intelligence pioneer OpenAI.CBS News - Feb. 10 -
Elon Musk and investors offering $97.4 billion for control of OpenAI, WSJ reports
Elon Musk is leading a group of investors in offering to buy control of OpenAI for $97.4 billion, The Wall Street Journal reported on Monday.NBC News - Feb. 10 -
How Elon Musk $97.4 billion bid complicates matters for OpenAI
OpenAI CEO Sam Altman has dismissed a $97.4 billion takeover bid led by rival Elon Musk, but the unsolicited offer could complicate Altman’s push to transform the maker of ChatGPT into a for-profit ...ABC News - Feb. 11 -
Musk-Led Group Makes $97.4 Billion Bid for Control of OpenAI, WSJ Reports
In response to the news, OpenAI CEO Sam Altman wrote: ‘no thank you but we will buy twitter for $9.74 billion if you want’.Inc. - Feb. 10 -
Elon Musk Says He Will Drop OpenAI Bid if Company Keeps Corporate Structure
In a court filing, Mr. Musk said he and other investors would pull their $97.4 billion bid if OpenAI withdrew its plan to change its structure.The New York Times - Feb. 13 -
OpenAI rejects Musk's takeover offer, says it was 'not a bid at all'
OpenAI sent a short letter to Elon Musk's lawyer Friday, rejecting the billionaire's acquisition offer.CNBC - 5d -
Musk Says He’ll Withdraw $97.4 Billion Bid for OpenAI on 1 Condition
Elon Musk and Sam Altman, OpenAI’s CEO, have a long-running feud.Inc. - Feb. 13 -
OpenAI tells Musk it is 'not for sale' after tech titan's $97 billion bid
ChatGPT-maker OpenAI has rejected a hostile takeover bid from Elon Musk.NBC News - 5d -
Elon Musk-led consortium offers $100bn to take control of OpenAI
Bid complicates chief Sam Altman’s plans to turn artificial intelligence group into for-profit companyFinancial Times - Feb. 11 -
Elon Musk-led group makes surprise bid of nearly $100bn for OpenAI
Sam Altman, OpenAI’s CEO and co-founder, responded that he would not accept and offered to buy X instead. Elon Musk escalated his feud with OpenAI and its CEO, Sam Altman, on Monday. The ...The Guardian - Feb. 10 -
Sam Altman, Elon Musk feud over OpenAI bid
Sam Altman is reacting to Elon Musk's bid to take over OpenAI. This comes as a global race to dominate the artificial intelligence space grows. CBS MoneyWatch correspondent Kelly O'Grady reports.CBS News - Feb. 11 -
Sam Altman Dismisses Elon Musk’s Bid to Buy OpenAI in Letter to Staff
OpenAI’s CEO claims the company has yet to receive an official offer from Elon Musk’s team, sources say.Wired - Feb. 11 -
Elon Musk Just Hurled a $97.4 Billion Curveball at OpenAI
The unsolicited bid raises the stakes for Sam Altman to turn the company into a for-profit.Inc. - Feb. 11 -
Sam Altman says 'no thank you' to Musk-led group's bid for control of OpenAI
OpenAI CEO and co-founder Sam Altman appeared to shut down a reported offer from an investor group led by Elon Musk to buy the nonprofit that controls OpenAI, marking the latest back-and-forth ...The Hill - Feb. 10 -
Altman brushes off Musk’s bid for OpenAI control as rocky saga hits next level
Elon Musk and Sam Altman have sparred over the future of OpenAI and more since Musk left the company.MarketWatch - Feb. 11 -
Sam Altman says Musk aims to 'slow down a competitor' with his $97.4 billion bid for OpenAI
Musk is leading a group of investors in offering to buy control of OpenAI for $97.4 billion. OpenAI CEO Altman said Musk is aiming to "slow down a competitor."CNBC - Feb. 11 -
Musk says he'll withdraw $97.4 billion bid for OpenAI if ChatGPT maker remains nonprofit
Elon Musk says he will abandon his $97.4 billion offer to buy the nonprofit behind OpenAI if the ChatGPT maker drops its plan to convert into a for-profit companyABC News - Feb. 13 -
OpenAI Close to Deal that Values Company at $300 Billion
The Japanese conglomerate SoftBank would invest up to $40 billion in the maker of the chatbot ChatGPT.The New York Times - Feb. 7 -
Elon Musk says he’ll drop his $97bn bid for OpenAI if it remains a non-profit
Billionaire’s lawyers say offer will be withdrawn if firm he helped found a decade ago ‘preserves the charity’s mission’. Elon Musk says he will abandon his $97.4bn offer to buy the non-profit ...The Guardian - 6d -
Why Musk may want to control OpenAI
Tech billionaire Elon Musk’s bid to take control of OpenAI is fanning the flames of a longtime feud with co-founder and CEO Sam Altman and complicating the path forward for the popular ...The Hill - 4d -
OpenAI turns down Musk's takeover bid
OpenAI’s board of directors has turned down Elon Musk’s $97.4 billion bid to buy the nonprofit that controls the artificial intelligence company. “OpenAI is not for sale, and the board has ...The Hill - 5d -
Musk will withdraw OpenAI bid if ChatGPT maker stays nonprofit, lawyers say
OpenAI was initially founded as a nonprofit in 2015, and later converted to a "capped profit" model in 2019.CNBC - Feb. 13 -
Can Musk damage OpenAI even though his bid has failed?
Experts say his real goal is "stymying" its growth potential as his own AI ventures flounder.BBC News - 3d -
Musk-led investor group offers $97.4 billion for OpenAI — Altman declines
According to The Wall Street Journal, Elon Musk and a group of investors are offering $97.4 billion to take control of OpenAI.CNBC - Feb. 10 -
Elon Musk Thinks Air Traffic Control Needs Innovation. Does it?
Musk’s delusions are powered by a common illusion.Inc. - Feb. 7 -
ChatGPT boss says no thanks to Elon Musk-led $97bn bid
The billionaire's attorney, Marc Toberoff, confirmed he submitted the bid for "all assets" of the company on Monday.BBC News - Feb. 11 -
Elon Musk’s mass government cuts could make private companies millions
Defense and tech firms – including Musk’s own – await potential contracts as Doge decimates US agencies. The world’s richest man, Elon Musk , has vowed to oversee a radical hollowing out of ...The Guardian - 4d -
Tesla drops 6% after BYD partners with DeepSeek, Musk adds to DOGE distractions with OpenAI bid
Tesla shares fell 6% on Tuesday and have dropped for five straight days, wiping out over $200 billion in market cap.CNBC - Feb. 12 -
OpenAI CFO talks possibility of going public, says Musk bid isn't a distraction
The interview with finance chief Sarah Friar comes during a pivotal time, with the startup reportedly in talks to close a $40 billion investment from SoftBank.CNBC - 3h -
Elon Musk-led investor group offers $97.4bn to buy ChatGPT maker OpenAI – US politics live
X owner deepens battle with OpenAI co-founder Sam Altman over the future of the company, claiming he wants to return company to being a ‘force for good’. Elon Musk-led group makes surprise bid of ...The Guardian - Feb. 10 -
Would you stop using OpenAI’s ChatGPT and API if Elon Musk took it over?
It's hardly out-of-the-question that Musk could succeed. After all, his bid to takeover Twitter was also deemed a longshot.VentureBeat - Feb. 10
More from The New York Times
-
Amazon Gains Creative Control Over the James Bond Franchise
The British family that has for decades held complete control over everything involving the globe-trotting superspy is relinquishing it to Amazon.The New York Times - 2h -
Chinese Hospital Bankruptcies Soar Amid Financial Strains
Still recovering from heavy spending during the pandemic, hospitals are squeezed by a slumping economy and government efforts to curb health care spending.The New York Times - 5h -
Walmart Racks Up Sales Record but Sees Slower Growth Ahead
The retail giant continues to attract shoppers from across the income spectrum, but faces headwinds from stubborn inflation and the risk of tariffs.The New York Times - 1h -
Airbus Says U.S. Tariffs Would Be ‘Lose-Lose’ for Airline Industry
The European airline maker, which is Boeing’s chief rival, said it would adapt to any new tariffs, including passing on costs to its customers.The New York Times - 1h -
Fox News, CNN and Other Outlets Urge White House to Drop AP Ban
Dozens of major news organizations, including some conservative outlets, urged the Trump administration to stop blocking The Associated Press from press events.The New York Times - 37m
More in Business
-
Cruise stocks tumble after Commerce Secretary Lutnick signals tax crackdown
Royal Caribbean was the hardest hit.CNBC - 10m -
Palantir shares drop 5%, falling for a second day, as retail traders' latest cult obsession starts to unwind
Wednesday's decline came as investors keyed in on the CEO's new stock sale plan and the possibility of defense cuts.CNBC - 12m -
Stocks are slipping because Walmart’s guidance renewed worries about U.S. consumers
U.S. stocks wavered Thursday after a strong run, with weak guidance from Walmart underlining nagging worries about the health of the American consumer.MarketWatch - 16m -
Your retirement savings are at risk in a clearly insane stock market
Fund managers admit they’re buying overvalued stocks.MarketWatch - 18m -
Citi becomes latest US company to abandon diversity targets
Donald Trump’s return to the presidency has sharpened criticism of diversity, equity and inclusion goalsFinancial Times - 21m