Musk-led group makes $97B bid for control of OpenAI
1–10 of 1001 posts
Re: Musk-led group makes $97B bid for control of OpenAI
#2[flagged]
Re: Musk-led group makes $97B bid for control of OpenAI
#3It's a bit too late for that and it is not enough.
The time for such a bid like this was when Sam was was ousted out of OpenAI and in complete state of chaos.
Investors already put their money in at around $157B+ and are not willing to take a price cut down to less than $100BN.
Unless that is the amount that Sam wants to walk away with, but its isn't even going to be no where near close to enough.
Re: Musk-led group makes $97B bid for control of OpenAI
#4This seems like the opening shot in a negotiation for Elon to own more of the PPU's that get converted into common from his original 2016 investment.
Re: Musk-led group makes $97B bid for control of OpenAI
#5So, from what I have read about spinning a for-profit off from a non-profit, the for-profit needs to be purchased from the non-profit at market value. There have been a lot of questions about how MSFT or OpenAI's other investors would fund the purchase of the for-profit entity.
I think what this does is set a floor valuation with a fully backed bid that the non-profit would get IN CASH for essentially buying the for profit.
This really messes up OpenAI's plans because it means someone else would have to bid more and be willing to part with the cash in order for OpenAI to spin off.
Actually a brilliant move that gums up OpenAI's plans.
Re: Musk-led group makes $97B bid for control of OpenAI
#6It's a bit too late for that and it is not enough. The time for such a bid like this was when Sam was was ousted out of OpenAI and in complete state of chaos. Investors already put their money in at around $157B+ and are not willing to take a price cut down to less than $100BN. Unless that is the amount that Sam wants to walk away with, but its isn't even going to be no where near close to enough.
>Investors already put their money in at around $157B+ and are not willing to take a price cut down to less than $100BN.
This is for a controlling stake, not outright ownership, isn't it?
Re: Musk-led group makes $97B bid for control of OpenAI
#7A bird in hand is worth two in the bush and a judge will see it that way if the non-profits directors balk at this based upon an investment valuation.
Re: Musk-led group makes $97B bid for control of OpenAI
#8Sam’s reply on twitter[0]
no thank you but we will buy twitter for $9.74 billion if you want
Re: Musk-led group makes $97B bid for control of OpenAI
#9[flagged]
This doesn't seem to have anything to do with bluesky. What connection are you trying to draw?
Re: Musk-led group makes $97B bid for control of OpenAI
#10Isn’t musk becoming a single point of failure risk?