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RE: LeoThread 2025-02-16 01:54

in LeoFinance8 months ago

Part 2/11:

Elon Musk made headlines with a massive bid of $97 billion for OpenAI, a maneuver that some analysts argue could be driven by a desire to maximize shareholder value under Delaware's Revlon rule, which mandates that board members must seek the highest price for selling a company. Musk's offer raises questions about OpenAI’s status as a nonprofit organization, especially considering substantial investments from Microsoft and implications for its corporate structure.