The full offer letter of Elon Musk to get Openai reveals five main details

One Consortium of investors Elon Musk’s X.AI’s Openai suggested to buy to $ 97.4 billion last week. Openai CEO SAM Altman has rejected the proposalthis would be gum Openai Planned conversion Non-commerce, something is trying to block something in a the claim.

Altman’s lawyers, lawyers, said that Musk could not be both ways: Openai’s assets and try to try to change their non-commercial status. The Misk Team said that if Openai stopped him, he said Attempts to turn himself from non-commerce.

Meanwhile, as part of these documents, complete letter of intent The people were taken to get Openai from the Musk team.

5 basic details we learn from this letter from this letter and other legal documents, this continued and more confused, to shed light on disputes.

Cleaning date

The unwanted proposal from the Musk Group comes with a specified duration

Although Altman’a free from social workincluding a joke site To buy X for one of the price, Openai Board has not officially rejected this proposal, because the boards are usually required to assess these proposals, even rivals.

All Cash operation

Consortium of a muskVCC, such as Joe Lonsdale’s 8VC and SpaceX Investor VY Capital, offers full 97.375 billion dollars to purchase Openai, and 100% of the procurement price will be “payable.”

This is noteworthy because the musk does not move away from using debt. Debt $ 13 billion In 2022, it is to get Twitter from banks (now x). Her net worth has increased significantly since then, Floats about $ 400 billionAccording to some estimates, since the new ally Donald Trump selected.

However, the letter, Musk, made Musk, called X.AI, including 7 investments.

Complete access to books and staff

Before the fork, buyers want to explore Openai’s financial and business records with the entry to Openai employees for interviews. Therefore, “Assets, Objects, Equipment, Books and Notes” means everything letter.

This is a normal part of this normal research, especially for a large offer of $ 97.4 billion, this can significantly access Musk’s X.AI, sensitive internal data. And after seeing them all, their efforts can provide them for a reason to retract them.

The proposal can damage the Muskan’s claim

In order to obtain Openaii, the $ 97.4-billion proposal contradicts the legal claims of the starting assets “not being removed” for the “personal”. argued in the trial In the case on Wednesday.

Openai has offered the offer, but a suggestion that is not wrong to break the opponent. “But the consortium of the musk saying Their proposal was really “serious” and Openai will be non-profit to further increase the mission of cash.

If Openai remains profitable, musk can be retreated

ACCUPTION LEGAL GROUP ACCUPTIONS If the Board is working to make a profit, says Openai will open offering Wednesday Court Claim.

Filing claims that the non-profit offer of Musk’s purchase proposal is the original one of the original one of the original acquisition of a fair market value for its assets based on the payment of an independent buyer.

Some Pundits confirm the things he claims: It was intended to drive The price would have to pay for personal acceptance of Altman.

One statementLawyer Musk, who represents the Board of Openai, said that (Openai) is not invested in non-profit and non-profit “not for sale.”