Foreign Property News | Posted by Aye Myat Thu
Sam Altman, in a court filing late Wednesday, asked a federal judge to take a look at the letter Elon Musk sent on Monday in a bid to take over OpenAI for $97.5 billion.
The request, filed with a federal judge in California, is Altman's latest move in fighting Musk's yearlong lawsuit seeking to halt OpenAI's transition into a fully for-profit entity.
Altman argues the letter is relevant to that battle.
His new filing asks US District Judge Yvonne Gonzalez Rogers to let him use it to show that Musk is contradicting himself when he fights OpenAI's efforts to go for-profit.
He's asking Gonzalez Rogers to add the letter to everything he's already filed in fighting Musk's request that the judge halt that transition.
Musk's takeover-bid letter was attached as an exhibit to Wednesday night's filing.
In the filing, Altman's attorney told the judge that the letter was sent by a group of private investors, including Antonio Gracias and Gavin Baker, led by Musk in his capacity as xAI's CEO.
The attorney, Jordan Eth, wrote that the letter "purports to make an unsolicited bid" to acquire all OpenAI assets.
"Musk's purported takeover bid cannot be reconciled with the charitable trust claim he is advancing in this Court, or the injunction he is seeking on the back of that claim," Eth wrote.
(documentcloud)
Altman has been fighting hard in recent days against Musk's request that the judge halt what the lawsuit alleges is OpenAI's unlawful quashing of competition and its betrayal of its nonprofit origins.
Earlier Wednesday, Altman's attorney accused Musk of having "no facts" to back up his claims.
Altman has met Musk's takeover bid with a resounding no thank you, saying OpenAI is "not for sale."
Also Wednesday, Musk said in a separate court filing that he'd drop the $97.4 billion OpenAI bid if it remained a nonprofit.
Ref: Sam Altman pulls Elon Musk's OpenAI takeover bid into court
