OpenAI Countersues Musk Over Bad-Faith Tactics

OpenAI Countersues Elon Musk Over Alleged Hostile Takeover Attempt

• OpenAI has filed a countersuit against Elon Musk, accusing him of attempting a hostile takeover.
• The company claims Musk used “bad-faith tactics” and proposed a sham $97 billion takeover bid.
• Internal emails allegedly show Musk pushing to convert OpenAI into a for-profit entity as early as 2015.
• Musk reportedly sought control over OpenAI’s board, proposing to appoint four out of seven board seats.
• In March, Musk’s lawsuit aimed to block OpenAI’s transition to a capped-profit structure but was denied by a U.S. judge.

OpenAI alleges that Elon Musk attempted to seize control of the company through various tactics, including proposing a $97 billion takeover bid and restructuring efforts. The case is set for an expedited trial in fall 2025 after an injunction was denied.