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>Investors already put their money in at around $157B+ and are not willing to take a price cut down to less than $100BN. This is for a controlling stake, not o
by itsoktocry 2y ago
>Investors already put their money in at around $157B+ and are not willing to take a price cut down to less than $100BN.
This is for a controlling stake, not outright ownership, isn't it?
- ffsm8 2y agoConsidering musks history, its also possible he doesn't actually want the deal and is doing it for other reasons. While I think the purchase of Twitter was ultimately in his favor, he definitely had buyers remorse back then.
- rvnx 2y agohttps://www.cnbc.com/2025/02/07/softbank-set-to-invest-40-billion-in-openai-at-260-billion-valuation-sources-say.html https://www.cnbc.com/2025/02/07/softbank-set-to-invest-40-bi... By sending the message that he wants to buy at 97B, he could imply that 260B is clearly exaggerated and create fear for these investors.
- reaperman 2y agodistillate is a noun, not a verb Edit: I love the edit, it's very straightforward now!
- senordevnyc 2y agoThat's hilariously nonsensical. Hey Sam, I'll buy it for tree-fiddy, good luck getting anyone to invest at a bigger valuation now!
- rvnx 2y agoYou sure ? Seeing Elon Musk, it could be a plausible move to screw financing for OpenAI. Without financing OpenAI may not have enough runway to survive. That would create a bigger market for x.AI, and also as a bonus act as a personal revenge on OpenAI. https://openai.com/index/openai-elon-musk/ https://openai.com/index/openai-elon-musk/ Musk is clearly referring on their lack of funds at the end of this message.
- typs 2y agoYes but why would investors on the board who own a piece of OpenAI at 157B be ok with a sale at a smaller valuation?
- pests 2y agoCash in hand might be better than trusting that valuation.