The news: OpenAI CEO Sam Altman rejected an unsolicited $97.4 billion bid from a group of investors led by Elon Musk. “OpenAI’s mission is not for sale. A competitor who is not able to beat us in the market wants to buy us instead,” Altman said, per Axios.

The bid, which aims to take control of the nonprofit that governs OpenAI, was submitted Monday by Marc Toberoff, Musk’s attorney.
Musk, xAI, and investors including Baron Capital, Valor Management, Atreides Management, VY Fund, Emmanuel Capital, and Eight Partners VC backed the bid.

You've read 0 of 2 free articles this month.

Get more articles - create your free account today!

Products

Events & Resources

Topics

Latest Articles

When BNPL moves into the monthly budget, payment awareness falls apart

Robo-advisory may be the gateway to human-advised relationships

Wealth advisors are branching out into lifestyle services

JPMorgan pursues wealth management for professional athletes

Shoptalk 2026 preview: AI, retail media, and the new rules of discovery

Rare disease audiences gravitate toward non-traditional health information sources

Expiring ACA subsidies drive up uninsured rates, force consumers to switch plans

Pinterest’s spring 2026 search trends favor mini upgrades over remodels

Lilly’s new GLP-1 posts strong weight loss in diabetes study

Maryland bill pushes for transparency in disease awareness ads

About

OpenAI’s Sam Altman rejects $97 billion takeover bid

Coverage Areas →

Coverage Areas →

Advertising & Marketing

Health

Ecommerce & Retail

Technology

Financial Services

More Topics

Geographies

EMARKETER

Media Services

Free Content

Contact Us →

Worldwide HQ

Sales Inquiries