Elon Musk launched an offer of $ 97.4 billion to take control of Openai. The Wall Street Journal reports that a group of investors led by the 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.
No thank you but we will buy Twitter for $ 9.74 billion if you want
– Sam Altman (@sama) February 10, 2025
“It’s time for Openai to return to open-source force and security focused for good,” Musk said in a statement that 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 it to move away from May in fact protects him from the Musk’s offer. OPENAI was purely a for -lucrative company with traditional actions that Musk’s offer would probably trigger what is known in business law as a moment of revlon, where, in certain circumstances, the company’s board of directors would be Forced to sell the company benefits of shareholders.
Musk, as you can imagine, was not a fan of Altman’s joke, writing “Swindler” in response and later calling him “Altman scam”.
This article originally appeared on engadget to
