Elon Musk reportedly offers $97.4B for OpenAI. Sam Altman says 'no thank you'

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Elon Musk reportedly offers $97.4B for OpenAI. Sam Altman says 'no thank you'

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Elon Musk reportedly offers $97.4B for OpenAI. Sam Altman says 'no thank you'

//business-finance.news-articles.net/content/202 .. -4b-for-openai-sam-altman-says-no-thank-you.html

Published in Business and Finance on Monday, February 10th 2025 at 17:20 GMT by AOL
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

Altman posted his response to Musk, which was first reported by The Wall Street Journal. The offer is a significant reduction in OpenAI's valuation. According to CNBC, SoftBank plans to invest $20 billion in OpenAI at a valuation of $240 billion.

Elon Musk has reportedly offered to buy Twitter for $43 billion, which equates to $54.20 per share, according to a filing with the U.S. Securities and Exchange Commission (SEC). This offer comes after Musk acquired a 9.2% stake in Twitter, making him the company's largest shareholder. The proposal is structured as a "best and final offer" and is not subject to any financing conditions. Musk has expressed concerns about Twitter's current state, suggesting that it needs to be transformed into a private company to unlock its full potential and ensure free speech on the platform. However, Twitter's board is reportedly set to reject this offer, as they believe it undervalues the company.

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