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

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Cointime2025/02/13 01:33

By:Cointime

the board of directors of OpenAI questioned the legitimacy of Musk and others' bid of $9.74 billion to acquire the company on Wednesday. On Monday, an investor consortium led by Musk proposed to acquire the assets of the non-profit organization controlling the company, intensifying the years-long dispute between Musk and OpenAI CEO Sam Altman.

In a court filing submitted on Wednesday, the company stated that Musk's acquisition offer contradicted its legal claims in a lawsuit filed against OpenAI last year. OpenAI argued in the filing that Musk's statements in the lawsuit, claiming that assets must remain with the non-profit organization and cannot be transferred to another entity for the public interest, are actually accusing Musk of hypocrisy. Previously in the lawsuit, Musk had stated that OpenAI must be managed by a non-profit organization, but now he is presenting the opposite view.

The board of directors of OpenAI has not formally rejected the offer.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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