Openai may give the board a special voting right to drive away attempts to acquire
To dodge future hostile takeover attempts, Openai is considering giving the nonprofit committee a special voting right. New Financial Times Report.
The right allows the board to dismiss the major investors of the company and maintain a portion of its authority after Openai Complete the migration For commercial purposes. Openai was previously established as a nonprofit organization Conversion into a “capped commercial” structure 2019. The company is currently in the process of restructuring again, and this time it will be heading to a public benefits company.
last week, Investor group Leading billionaire Elon Musk, he offered to buy Openai’s nonprofit for $97.4 billion. Openai’s board was unanimously rejected I’m offering, but I can move I’ll add some wrinkles With Openai’s plans.
Openai aims to spin out nonprofits that hire their own staff and leadership teams. Openai has promised investors that it will complete the conversion by the second half of 2026.