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Elon Musk calls on California and Delaware to force auction of OpenAI stake: Financial TImes

  • Elon Musk's lawyer has requested California and Delaware attorney generals to facilitate an auction of OpenAI's stake to determine its fair value during restructuring, according to sources familiar with the matter.
  • Musk's attorney, Marc Toberoff, argues that competitive bidding is necessary to protect the public's beneficial interest in OpenAI's charitable assets.
  • OpenAI plans to create a public benefit corporation to raise more capital, as stated in a late December outline by the company.
  • Delaware Attorney General Kathy Jennings is reviewing OpenAI's proposed changes and has submitted an amicus brief regarding the case.
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Elon Musk Wants OpenAI to Be Forced Into Selling a Portion of Itself

Presumably to himself or another related party.

·United States
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Bias Distribution

  • 57% of the sources are Center
57% Center

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Financial Times broke the news in London, United Kingdom on Thursday, January 9, 2025.
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