As Elon Musk does not have enough, an investor consortium led by himself announced plans on Monday for what seems to be an hostile Openai acquisition.
The investor team offered about $ 97.4 billion to buy all Openai assets and “is ready to consider the matching or exceeding higher bids,” he said in a press release sent to TechCrunch.
Openai Sam Altman’s chief executive does not have it. Immediately responded to x“No thank you, but we’ll buy Twitter for $ 9.74 billion if you want.”
The consortium includes Baron Capital Group Inc., Valor Management LLC, Atreides Management, LP, VY Fund III LP, Emmanuel Capital Management LLC and Eight Partners VC LLC.
While the management of Emanuel Capital has a thinner public profile, others are firmly in the Musk orbit.
Baron Capital Group, who manages multiple mutual funds, was founded by Ron Baron. The business Baron Partners Fund, He manages with his son Michael Baron, he has big bets on Tesla and SpaceX.
The management of Atreides is linked to Boston -based Hedge Fund mutual capital. As mentioned earlier, founder Gavin Baker spent 18 years in Fidelity where he made his first investment in SpaceX. Atreides has also invested in Tesla and Baker was a public supporter of Musk’s huge Pay Pay package.
Valor’s management was founded by Antonio Gracias, a Early SpaceX investor and former member of the Tesla Board. He was also an investor in Musk’s Solarcity before Tesla acquired.
Vy Capital, founded by Alexander Tamas, also has a share of Spacex and has invested in many other Musk companies such as Boring Company and Neuralink.
Eight VC partners are best known as Joe Lonsdale 8VC, according to public deposits. Lonsdale is a musk voice fan and runs in similar circles. Appeared recently on CNBC called “A Huge Fan” by Musk’s Doge, an interview that Musk was redefined in X.
It is not yet clear how serious this team is. A reasonable analysis floats around the internet is that this is as shrinking as the offer. Some say this is Musk’s attempt to increase the price that the Altman team has to pay to buy Openai’s underlying assets in order to restructure it from its original non -profit regime.
Musk was part of the establishment of Openai as a non -profit AI Research organization and Musk is trying to stop Altman’s restructuring plans.
