{"id":241974,"date":"2025-02-19T04:05:27","date_gmt":"2025-02-19T04:05:27","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2025\/02\/19\/openai-mulls-voting-rights-to-guard-against-hostile-takeovers-report\/"},"modified":"2025-02-19T04:05:27","modified_gmt":"2025-02-19T04:05:27","slug":"openai-mulls-voting-rights-to-guard-against-hostile-takeovers-report","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2025\/02\/19\/openai-mulls-voting-rights-to-guard-against-hostile-takeovers-report\/","title":{"rendered":"OpenAI Mulls Voting Rights to Guard Against Hostile Takeovers: Report"},"content":{"rendered":"<div style=\"text-align:center\"><img decoding=\"async\" src=\"https:\/\/i2.wp.com\/i.gadgets360cdn.com\/large\/chatgpt_unsplash2_1733300707821.jpg?ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"OpenAI Mulls Voting Rights to Guard Against Hostile Takeovers: Report\" title=\"OpenAI Mulls Voting Rights to Guard Against Hostile Takeovers: Report\" \/><\/div><p> <br \/>\n<\/p>\n<div>\n<p>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.<\/p>\n<p>Chief Executive Officer <a class=\"sp_lnk2\" href=\"https:\/\/www.gadgets360.com\/tags\/sam-altman\">Sam Altman<\/a> and board members are evaluating new governance measures as the company transitions to a traditional for-profit structure, the report said, citing people with direct knowledge of the discussions.<\/p>\n<p><a class=\"sp_lnk2\" href=\"https:\/\/www.gadgets360.com\/tags\/openai\">OpenAI<\/a> did not immediately respond to a Reuters request for comment.<\/p>\n<p>While no firm decisions have been made, the move could help OpenAI block future hostile takeover attempts, including from Musk, who co-founded the company with Altman but later departed.<\/p>\n<p>On Friday, OpenAI rejected a $97.4 billion (roughly Rs. 8,46,877 crore) acquisition offer from a consortium led by Musk, saying the startup is not for sale and dismissing any future bids as disingenuous.<\/p>\n<p><a class=\"sp_lnk2\" href=\"https:\/\/www.gadgets360.com\/tags\/elon-musk\">Musk&#8217;s<\/a> offer is his latest effort to prevent OpenAI from becoming a profit-driven company as it seeks more funding to stay competitive in the artificial intelligence race.<\/p>\n<p>If implemented, the special voting rights would allow the non-profit board to overrule major investors, including backers like <a class=\"sp_lnk2\" href=\"https:\/\/www.gadgets360.com\/tags\/microsoft\">Microsoft<\/a> and <a class=\"sp_lnk2\" href=\"https:\/\/www.gadgets360.com\/tags\/softbank\">SoftBank<\/a>, ensuring it retains decision-making power, the report said.<\/p>\n<p><em>\u00a9 Thomson Reuters 2025<\/em><\/p>\n<p><i>(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)<\/i><\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.gadgets360.com\/ai\/news\/openai-special-voting-rights-guard-against-hostile-takeovers-7736708#rss-gadgets-news\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>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. Chief Executive Officer Sam Altman and board members are evaluating new governance measures as the company transitions to a traditional [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":241975,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/i.gadgets360cdn.com\/large\/chatgpt_unsplash2_1733300707821.jpg","fifu_image_alt":"","footnotes":""},"categories":[607],"tags":[1778,7509,46238,20153,1101,188216,61,307,11456,188217,2866],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/241974"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=241974"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/241974\/revisions"}],"predecessor-version":[{"id":241976,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/241974\/revisions\/241976"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/241975"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=241974"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=241974"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=241974"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}