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OpenAI tender offer is on track for January despite leadership fracas, sources say - TL;DR CNBC

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.


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Keywords: breaking news: technologybusiness newsmicrosoft corptechnologystart-upsatya nadellaventure capitalsalesforce incbreaking news

Source: https://www.cnbc.com/2023/11/30/openai-tender-offer-on-track-despite-leadership-fracas-sources.html


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