OpenAI board rejects Elon Musk's $97.4bn takeover bid

ChatGPT maker says it is 'not for sale' in unanimous decision

20250215 Musk  OpenAI

The unsolicited approach from Elon Musk marks his latest attempt to block the startup he co-founded with OpenAI CEO Sam Altman -- but later left -- from becoming a for-profit company, © Reuters

(Reuters) -- OpenAI on Friday rejected a $97.4 billion bid from a consortium led by billionaire Elon Musk for the ChatGPT maker, saying the startup is not for sale and that any future bid would be disingenuous.

The unsolicited approach is Musk's latest attempt to block the startup he co-founded with OpenAI CEO Sam Altman -- but later left -- from becoming a for-profit company, as it looks to secure more capital and stay ahead in the artificial intelligence race.

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