CosmicTaco

Elon Musk's $97B Bid to Take Over OpenAI

CosmicTaco · 2025-02-11T10:54:00.406676+05:30

- Elon Musk, alongside a consortium of investors, announced a $97.4 billion bid to take over OpenAI, sparking a potential hostile takeover. - OpenAI CEO Sam Altman quickly responded, rejecting the offer and humorously counter-offering to buy Twitter for $9.74 billion. - The investor group includes notable names like Baron Capital, Valor Management, and Atreides Management, all with strong ties to Musk's ventures. Source: [TechCrunch](https://techcrunch.com/2025/02/10/these-are-the-investors-funding-musks-97-billion-openai-takeover-attempt/)

Elon Musk, alongside a consortium of investors, announced a $97.4 billion bid to take over OpenAI, sparking a potential hostile takeover.
OpenAI CEO Sam Altman quickly responded, rejecting the offer and humorously counter-offering to buy Twitter for $9.74 billion.
The investor group includes notable names like Baron Capital, Valor Management, and Atreides Management, all with strong ties to Musk's ventures.

Source: TechCrunch