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    Home > Headlines > OpenAI CEO says board will reject Musk's $97 billion offer, the Information reports
    Headlines

    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 read

    Last updated: January 26, 2026

    This image features OpenAI CEO Sam Altman, who recently informed staff about the board's intent to reject Elon Musk's $97 billion acquisition offer. The article details the implications of this decision for the future of OpenAI and its governance.
    OpenAI CEO Sam Altman discusses board's rejection of Musk's $97 billion offer - Global Banking & Finance Review
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    Quick Summary

    OpenAI's board rejects Elon Musk's $97 billion offer, as CEO Sam Altman informs staff. The bid was for the nonprofit controlling OpenAI.

    OpenAI Board Dismisses Musk's $97 Billion Acquisition Bid

    (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)

    Key Takeaways

    • •OpenAI's board rejects Elon Musk's $97 billion bid.
    • •CEO Sam Altman communicated the decision to staff.
    • •The bid was for the nonprofit controlling OpenAI.
    • •Elon Musk leads the consortium making the offer.
    • •The board's decision was reported by the Information.

    Frequently Asked Questions about OpenAI CEO says board will reject Musk's $97 billion offer, the Information reports

    1What is the main topic?

    The main topic is OpenAI's board rejecting Elon Musk's $97 billion offer to acquire the nonprofit controlling OpenAI.

    2Who made the $97 billion offer?

    A consortium led by Elon Musk made the $97 billion offer to acquire OpenAI.

    3What was OpenAI's response to the offer?

    OpenAI's board of directors intends to reject the offer, as communicated by CEO Sam Altman.

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