OpenAI weighs special voting rights to guard against hostile takeovers

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OpenAI is considering granting special voting rights to its non-profit board to preserve the power of its directors, as the ChatGPT-maker fends off an unsolicited takeover bid from Elon Musk, Financial Times reported on Tuesday.

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OpenAI weighs special voting rights to guard against hostile takeovers


OpenAI is considering granting special voting rights to its non-profit board to preserve the power of its directors, as the ChatGPT-maker fends off an unsolicited takeover bid from Elon Musk, Financial Times reported on Tuesday.

Discover the stories of your interest

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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