Elon Musk Threatens to Withdraw $97.4 Billion Bid for OpenAI Amid Ongoing Legal Battle

Elon Musk will withdraw his bid for OpenAI if it continues plans to become a for-profit company, intensifying the legal dispute with CEO Sam Altman.

c 57%

r 43%

Musk says he’ll withdraw $97.4 billion bid for OpenAI if ChatGPT maker remains nonprofit

Boston Herald

Elon Musk says he’ll withdraw $97.4B OpenAI bid if Sam Altman abandons for-profit plans

New York Post

Sam Altman pulls Elon Musk's OpenAI takeover bid into court

Business Insider

Musk lawyers say he'll drop bid for OpenAI if it gives up for-profit plan

Axios

Musk will withdraw OpenAI bid if ChatGPT maker stays nonprofit, lawyers say

CNBC

Musk says he'll withdraw $97.4 billion bid for OpenAI if ChatGPT maker remains nonprofit

Associated Press

Elon Musk says he'll drop $97B OpenAI purchase offer if ChatGPT maker stays a nonprofit

Fox Business

Subscribe to unlock this story

We really don't like cutting you off, but you've reached your monthly limit. At just $5/month, subscriptions are how we keep this project going. Start your free 7-day trial today!

Get Started

Have an account? Sign in

Overview

A summary of the key points of this story verified across multiple sources.

Elon Musk has stated he will withdraw his $97.4 billion bid to acquire OpenAI's nonprofit arm if the company proceeds with its plan to spin out its for-profit division. This announcement is part of a broader legal battle with OpenAI CEO Sam Altman, who has rejected Musk's unsolicited offer, asserting that OpenAI is not for sale. Musk argues that OpenAI strayed from its nonprofit mission since its founding in 2015. The conflict intensifies as Altman seeks to demonstrate that Musk's bid contradicts legal claims he has made in court.

Written by AI using shared reports from

7 articles

Report issue