Elon Musk will withdraw bid for OpenAI's nonprofit if its board agrees to terms | TechCrunch
In a court filing on Wednesday, a lawyer for Elon Musk said the billionaire will withdraw his $97.4 billion bid for OpenAI’s nonprofit if the ChatGPT maker’s board of directors “preserve the charity’s mission” and halt its conversion to a for-profit corporation.
The filing, submitted to the U.S. District Court for the Northern District of California, claims that Musk’s offer to buy OpenAI’s nonprofit is “serious,” and that the nonprofit “must be compensated by what an arms-length buyer will pay ...
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