[Ekco]

Elon Musk Leads Bid to Buy OpenAI for $97.4 Billion
The move escalates a years long tussle between Musk and OpenAI’s chief executive, Sam Altman, and complicates the start-up’s plan to change its nonprofit status.

Feb. 10, 2025Updated 4:44 p.m. ET

A group of investors led by Elon Musk has made a $97.4 billion bid to buy the nonprofit that controls OpenAI, according to two people familiar with the bid, escalating a yearslong tussle for control of the company between Mr. Musk and OpenAI’s chief executive, Sam Altman.

The consortium includes Vy Capital and Xai, Mr. Musk’s artificial intelligence company, as well as the Hollywood power-broker Ari Emanuel and other investors, said the people, who spoke on condition of anonymity because the discussions are ongoing.