OpenAI's board 'unanimously' rejects Elon Musk's $97.4 billion takeover bid

Elon Musk launched a $97.4 billion bid to take control of OpenAI. The Wall Street Journal reported a group of investors led by Musk's xAI submitted an unsolicited offer to the company's board of directors on Monday. The group wants to buy the nonprofit that controls OpenAI's for-profit arm.

When asked for comment, an OpenAI spokesperson pointed Engadget to an X post from CEO Sam Altman. "No thank you but we will buy twitter for $9.74 billion if you want," Altman wrote on the social media platform Musk owns.

On Friday, OpenAI's board of directors officially rejected Musk's bid. "OpenAI is not for sale, and the board has unanimously rejected Mr. Musk's latest attempt to disrupt his competition," the company said in a response attributed to Bret Taylor, the chair of OpenAI's board of directors. "Any potential reorganization of ...