OpenAI tender offer is on track for January despite leadership fracas, sources say
Publishing timestamp: 2023-11-30 18:46:16
Summary
OpenAI's tender offer, led by Thrive Capital, is back on track and valued at $86 billion. Employees have until January 5 to decide whether to participate. The offer allows employees to sell shares to outside investors, providing liquidity. The extension of the tender offer follows a period of turmoil for OpenAI, including the temporary ouster of Sam Altman. Altman and OpenAI president Greg Brockman have now returned to their roles, and a new board has been announced. Microsoft holds a 49% stake in OpenAI.
Sentiment: MIXED
Keywords: breaking news: technology, business news, microsoft corp, technology, start-up, satya nadella, venture capital, salesforce inc, breaking news,
Source: https://www.cnbc.com/2023/11/30/openai-tender-offer-on-track-despite-leadership-fracas-sources.html