OpenAI CEO says board will reject Musk's $97 billion offer, the Information reports
Published by Global Banking & Finance Review®
Posted on February 11, 2025
1 min readLast updated: January 26, 2026

Published by Global Banking & Finance Review®
Posted on February 11, 2025
1 min readLast updated: January 26, 2026

OpenAI's board rejects Elon Musk's $97 billion offer, as CEO Sam Altman informs staff. The bid was for the nonprofit controlling OpenAI.
(Reuters) - OpenAI CEO Sam Altman told staff in a message that the company's board of directors intends to make clear it has no interest in Elon Musk's "supposed bid", the Information reported on Monday.
Earlier in the day, a consortium led by Musk offered $97.4 billion to buy the nonprofit that controls OpenAI.
(Reporting by Shivani Tanna in Bengaluru; Editing by Rashmi Aich)
The main topic is OpenAI's board rejecting Elon Musk's $97 billion offer to acquire the nonprofit controlling OpenAI.
A consortium led by Elon Musk made the $97 billion offer to acquire OpenAI.
OpenAI's board of directors intends to reject the offer, as communicated by CEO Sam Altman.
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