Elon Musk to withdraw OpenAI bid if board agrees to charity terms, lawyers say, ET LegalWorld

0
42


Elon Musk will withdraw his bid for OpenAI‘s non-profit arm if the board agrees to preserve the charity’s mission, lawyers for Musk said in a court filing dated Wednesday.

If OpenAI board is prepared to preserve the charity’s mission and stipulate to take the “for sale” sign off its assets by halting its conversion, Musk will withdraw the bid, the filing said.

On Monday, a consortium of investors led by Elon Musk offered $97.4 billion to buy the assets of OpenAI’s non-profit, in another salvo from the world’s richest man against the artificial intelligence startup.

  • Published On Feb 13, 2025 at 01:59 PM IST

Join the community of 2M+ industry professionals

Subscribe to our newsletter to get latest insights & analysis.

Download ETLegalWorld App

  • Get Realtime updates
  • Save your favourite articles


Scan to download App


[ad_1]

Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here