Elon Musk gatecrashes OpenAI restructuring

Financial Times

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Elon Musk gatecrashes OpenAI restructuring

Musk’s nearly $100bn bid complicates already complex restructuring

GZERO Media

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Elon Musk wants to buy OpenAI

Elon Musk is leading a contingent of investors seeking to buy OpenAI, the developer of ChatGPT. The group, which also includes the firms Valor Equity Partners, Baron Capital, Atreides Management, Vy Capital, and 8VC, reportedly offered $97.4 billion to buy OpenAI. The plan: To buy the biggest name in AI and merge it with Musk’s own AI firm, xAI, which makes the chatbot Grok. This bid comes as Musk is taking a prominent role in the Trump administ…

Startups Magazine | Digital & Print Magazine For Tech Startups

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Elon Musk leads $97.4bn bid to take over OpenAI

A consortium of investors, led by billionaire Elon Musk, has put forward a $97.4bn bid to acquire OpenAI, the company behind ChatGPT.

UOL

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One of the most complex deals in history was already under way. And then, on Monday afternoon (10), Elon Musk arrived. A consortium led by Musk announced that it would pay precisely US$ 97.4 billion (R$ 561.5 billion) for OpenAI, the AI (artificial intelligence) startup. But the reward of the dispute is not the operating business - it's the non-profit vehicle that currently manages the company OpenAI. Read more (02/12/2025)

InsideBusiness - Business News in Nigeria

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Elon Musk Leads Group To Buy OpenAI For $97.4bn - InsideBusiness - Business News in Nigeria

Elon Musk is leading an investment group offering $97.4 billion for the nonprofit that controls OpenAI, marking a new front in his war with the ChatGPT-maker, the Wall Street Journal reported Monday. Musk attorney Marc Toberoff said he submitted the bid to OpenAI’s board of directors, according to the Journal. “No thank you, but we will buy twitter for $9.74 billion if you want,” OpenAI chief Sam Altman wrote in a post on X, formerly Twitter, …