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Saturday, 23 August2025

Elon Musk Sought Zuckerberg’s Backing for $97.4B Bid to Acquire OpenAI

Elon Musk Sought Zuckerberg’s Backing for $97.4B Bid to Acquire OpenAI
OpenAI disclosed that Elon Musk approached Meta CEO Mark Zuckerberg to explore financing for his attempted $97.4 billion takeover bid. Musk’s group submitted a letter of intent to Zuckerberg, but he and Meta declined to participate. OpenAI has now filed a motion to compel Meta to turn over related internal communications. The legal battle stems from Musk’s opposition to OpenAI’s shift to a for-profit model and remains ongoing.
Read full story at Live Mint

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