Elon Musk’s full offer letter to buy OpenAI reveals five key details

Ay Consortium of investors Led Elon Mask’s X.AE Offers to buy the opeina Last week .4 97.4 billion dollars. OpenAI’s CEO Sam Altman has Dismiss the proposalWhich Gums will be up OpenAI Planned conversion From a non -profit, some are trying to block some musk Case

Ultman’s lawyers filed on Wednesday that musk could not remain in both ways: try to buy Openi’s resources and try to prevent it from changing non -profit status. Kasturi’s team responded that OpenAI would withdraw it if it stopped it would withdraw the bid Attempted to transform yourself from non -profit.

Meanwhile, as part of this filing, full Intent The public was revealed from the musk team to buy the open.

In this running, rather messy, we have learned 5 key details from those letters and other legal filings to shed light on disputes.

Clear Deadline set

The irrational offer of the musk group brings a specified expiry date: May 10, 2025. There are exceptions to the deadline if the agreement is finalized, both sides agree to end the discussion, or the OPNA formally rejects the offer in writing.

In spite of Ultman DismissalIncluding a Joking Counterfer To purchase X for tenth price of the price, the opening board offer has not officially rejected yet because boards usually need to legally evaluate these national offers from competitors.

All cash transactions

MuskWhich includes VC like Joe Lonsdel’s 8 VC and SpaceX Investor VI Capital, giving exactly $ 97.375 billion to buy OpenAI, and says that 100% of the purchase price will be paid. “

This is significant since the musk has not been removed from the use of Debt in the past, B o 13 billion Buy Twitter (now X) in 2022 from banks. His net price has grown considerably since then, Floating around $ 400 billionAccording to some estimates, his new ally since the election of Donald Trump.

However, the letter contains seven investors, including the AI ​​company XAA of Kastur, as well as the nameless “others”, which means that Kasturi is not using his personal fate for money.

Full access to books and staff

Before all these cash shakes, buyers want to test the financial and business records of the opening and the openAI workers for interviews as well. It means all things from “resources, facilities, tools, books and records” LetterThe

Although it is a common part of appropriate perseverance, especially for a large offer of $ 97.4 billion, it can also access the musk XAE – an openAI competitor – sensitive internal information. And once they saw it all, their perseverance could also provide the reason for withdrawing their offer.

The offer may deal with the musk case

OpenAI to achieve the .4 97.4 billion dollars as opposed to legal claims of bid masks that resources of startups “Private again” may not be “transferred” to OpenAI lawyers Argument In the case on Wednesday.

The proposed proposal is not serious, but “an inappropriate bid to toss the contestant”. However, the consortium of the musk Say Their offer is indeed “serious” and its cash will go into the opening of the opening to further its mission.

OpenAI can withdraw the musk if a non -profit position

The legal party of the musk has said that if the board promises to keep it as non -profit, he will exclude its bid to achieve OpenAI, a Filing the court on WednesdayThe

The filing argues that the bayout offer of the musk is a real, mentioning that the non -profit should take a fair market value for its property so that an independent buyer should accept a fair market price for his assets on the basis of what he will provide.

It seems to verify what some scholars have complained: it The offer was intended to drive the car The price of the price must be paid to the company to take personal.

A StatementThe lawyer represented by the Openai Board said that the bid of Kasturi does not determine any price for the bid ” [OpenAI’s] Non -profit “and non -profit” not for sale “.