OpenAI may give board special voting rights to ward off takeover attempts

To fend off future hostile takeover attempts, OpenAI is considering giving its nonprofit board special voting rights, according to a new report in the Financial Times. The rights would allow the board to overrule major investors in the company, preserving some of its powers after OpenAI completes its transition to a for-profit. OpenAI was founded […] © 2024 TechCrunch. All rights reserved. For personal use only.

Feb 19, 2025 - 00:00
OpenAI may give board special voting rights to ward off takeover attempts

To fend off future hostile takeover attempts, OpenAI is considering giving its nonprofit board special voting rights, according to a new report in the Financial Times. The rights would allow the board to overrule major investors in the company, preserving some of its powers after OpenAI completes its transition to a for-profit. OpenAI was founded […]

© 2024 TechCrunch. All rights reserved. For personal use only.

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