The OpenAi Board “Unanimously” rejects the Elon Musk absorption offer of $ 97.4 billion
Elon Musk launches a bidding of $ 97.4 billion to take control of Openai. The Wall Street Journal A group of investors led by Musk reported Xai He presented an unwanted offer to the Board of Directors of the company on Monday. The group wants to buy a non -profit purpose that controls the Openai profit shoulder.
When he asked for a comment, an Openai spokesman pointed to Engadget to X post by CEO Sam Altman. “No thank you, but we will buy Twitter for $ 9.74 billion if you want,” Altman wrote on the social media platform that Musk possesses.
On Friday, the Board of Directors of Openai officially rejected Musk’s application. “Openai is not for sale and the board unanimously rejected G -N Musk’s last attempt to break its competition,” the company said in response, attributed to Bret Taylor, chairman of the Board of Directors of Openai. “Any potential OpenAi reorganization will strengthen our non -profit purpose and its mission to ensure that AGI is beneficial for all humanity.”
Taylor, by the way, was chairman of the Twitter board before Musk bought the social media platform for $ 44 billion in 2022S
“Openai is not for sale and the board unanimously rejected the last attempt of G -n Musk to disrupt his competition. Any potential reorganization of Openai will strengthen our non -profit purpose and its mission to ensure that AGI takes advantage of all humanity.”
– Brett Taylor, chairman, on behalf of …
– Openai Newsroom (@openainewsroom) February 14, 2025
“It is time for Openai to return to the power with an open source and to focus on safety. MagazineS “We will make sure that is happening.”
It is difficult to say how serious this offer is from Musk and what – if there is any chance that it must succeed. Openai is not a traditional company and non -profit Sam Altman and others from the company want her to get out of May actually protect him from Musk’s offer. If an Openai company with a profit with publicly traded shares, the Musk offer is likely to provoke what is known in the corporate law as a moment of Revlon, where in certain circumstances the board of directors of the company will be forced to sell to the highest participant, for to maximize the profits of shareholders.
Update 02/14 16:34 ET: An added response from the OpenAi Directors board.
This article originally appeared on Engadget at https://www.engadget.com/ai/openais-board-unanimously-rejects-elon-musks-974-billion-pikeover-bid-215221683.html?rc=c
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