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ITNewspapersThe Economic Times

OpenAI’s board has not received Elon Musk’s takeover bid: Source

Mathew C S
By Mathew C SFebruary 12, 2025

OpenAI’s board has not yet received a formal bid from an Elon Musk-led consortium, although a lawyer for the billionaire said the offer had been sent to OpenAI’s outside counsel. A day after Musk publicised a bid to offer $97.4 billion to buy the non-profit that controls ChatGPT maker OpenAI, the two sides were still at odds over what exactly happened to the formal bid.

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