In a court filing, Mr. Musk said he and other investors would pull their $97.4 billion bid if OpenAI withdrew its plan to change its structure.
Category: Mergers, Acquisitions and Divestitures
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Behind Elon Musk’s Hostile Bid for Control of OpenAI
The tech mogul is unlikely to win. But his goal may be more about making life difficult for the A.I. start-up and its leader, Sam Altman.
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Trump Says Nippon Steel Will Make Major Investment in U.S. Steel
President Trump supports the Japanese company’s taking a stake in the American steel maker after the U.S. blocked a $14 billion takeover bid.
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Trump Says Nippon Steel Will Make Major Investment in U.S. Steel
President Trump supports the Japanese company’s taking a stake in the American steel maker after the U.S. blocked a $14 billion takeover bid.
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Honda and Nissan Merger Talks in Peril
Two of Japan’s largest automakers have been in talks to combine their operations to form one of the world’s biggest car groups.
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Samuel Butler, Lawyer Who Helped Create Corporate Giants, Dies at 94
Leading the elite Wall Street firm Cravath, he became a go-to adviser on mergers and acquisitions — “all the big deals that were going on in the ’80s and ’90s.”
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Paramount in Settlement Talks With Trump Over ‘60 Minutes’ Lawsuit
A settlement, if reached, would be an extraordinary concession by a major U.S. media company to a sitting president.
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U.S. Sues to Block Tech Deal in First Antitrust Action of Trump Term
The challenge to Hewlett Packard Enterprise’s acquisition of Juniper Networks came as many in corporate America had expected a lighter touch under a new administration.
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Frontier Airlines Offers to Buy Spirit Airlines, Again
Spirit, which filed for bankruptcy protection in November, called off a deal with Frontier in 2022 after receiving a higher bid from JetBlue that was ultimately thwarted by a federal judge.
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Korea Zinc Shareholder Meeting Takes a Dramatic Turn
An eventful shareholder meeting provided the latest twist in the dispute between the families whose deceased patriarchs founded the company 50 years ago.