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Elon Musk’s full offer letter to buy OpenAI reveals five key details
A group led by Elon Musk's x.AI wants to buy OpenAI. Read five key takeaways from its offer letter.
Altman’s lawyers argued in a Wednesday filing that Musk can’t have it both ways: attempt to buy OpenAI’s assets and also try to stop it from changing its non-profit status. Musk’s consortium, which includes VCs like Joe Lonsdale’s 8VC and SpaceX investor Vy Capital, is offering exactly $97.375 billion to buy out OpenAI, and says in the letter 100% of the purchase price “would be paid in cash.” The filing argues that Musk’s buyout offer is a genuine one, stating that the non-profit should receive fair market value for its assets based on what an independent buyer would pay.
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