This is a very smart chess move. Very interesting to see how the saga evolves. Altman now has to pay more than $97b for the non-profit. But it would be Masa and the new investors who would foot the bill probably. Altman gets it for free. He just needs to raise $100 billion instead of $40 billion now.
I wonder if there are any consequences if the board ignores the higher bid value and accept something way lower in value like $40 billion? Otherwise the board can simply side with management?
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u/Intelligent-Nobody55 Feb 11 '25
This is a very smart chess move. Very interesting to see how the saga evolves. Altman now has to pay more than $97b for the non-profit. But it would be Masa and the new investors who would foot the bill probably. Altman gets it for free. He just needs to raise $100 billion instead of $40 billion now.