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 - 6d

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

Bret Taylor, the chairman of OpenAI’s board, said the artificial intelligence company was “not for sale.” Mr. Musk is separately raising money for his A.I. start-up, xAI.

The New York 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 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

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 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 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

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

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

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

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

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 company

ABC News - Feb. 13

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-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

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 - 6d

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 - 6d

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

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

Spirit Airlines again rejects Frontier takeover bid

Spirit Airlines again rejected Frontier Airlines’s latest takeover bid, opting to instead focus on its restructuring process to bolster financial stability. Spirit, an ultra-low-cost airline, shut ...

The Hill - Feb. 12

OpenAI seeks new powers to fend off hostile takeover from Elon Musk

Start-up in talks over ways to allow its non-profit board to maintain control after conversion to a for-profit business

Financial Times - 2d

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

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 - Feb. 13

Inside Elon Musk's government takeover

A tech-focused media outlet has become a premiere source for breaking news on Elon Musk, his inner circle and their efforts to reshape the federal government. Katie Drummond, global editorial ...

CBS News - Feb. 7

Elon Musk Is Leading a ‘Hostile Takeover of the Federal Government’

His mandate under President Trump “truly is unprecedented in U.S. history.”

The New York Times - 2d

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

Elon Musk’s Takeover Is Causing Rifts in Donald Trump’s Inner Circle

“He’s getting too big for his breeches,” says one Trumpworld source.

Wired - Feb. 5

Can anyone stop Elon Musk’s hostile takeover of the US government?

The billionaire’s aggressive efficiency drive has critics warning of a constitutional crisis. Allies say he’s just getting started

Financial Times - Feb. 7

Elon Musk denies 'hostile takeover' of government in surprise White House appearance

The world's richest man took questions for the first time since he was appointed to lead a sweeping government cost-cutting effort.

BBC News - Feb. 12

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 company

Financial Times - Feb. 11

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

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

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 - 6h

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