OpenAI board responds to Musk's $97.4 billion acquisition offer: its legal claims are contradictory

2025-02-13 08:38:15

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ChainCatcher news, according to The New York Times, the OpenAI board questioned the reasonableness of Elon Musk and others' $97.4 billion bid to acquire the company on Wednesday.

On Monday, an investor consortium led by Musk proposed to acquire the assets of the nonprofit organization that controls the company, escalating the long-standing dispute between Musk and OpenAI CEO Sam Altman.

In a court filing submitted on Wednesday, the company stated that Musk's acquisition offer contradicts the legal claims he made in a lawsuit against OpenAI last year. OpenAI argued in the filing that Musk's assertion in the lawsuit that the assets must remain with the nonprofit and cannot be transferred to another entity for the public good is, in fact, an accusation of Musk's hypocrisy. Previously in the lawsuit, Musk stated that OpenAI must be managed by a nonprofit organization, but now he is presenting the opposite viewpoint.

The OpenAI board has not formally rejected the offer.

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