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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

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OpenAI CEO Sam Altman discusses board's rejection of Musk's $97 billion offer - Global Banking & Finance Review — 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.

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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

What is the main topic?

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

Who made the $97 billion offer?

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

What 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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