Ashton Kutcher's Sound Ventures, an existing shareholder, was expected to participate in the tender offer with a commitment of about $100 million before Altman's temporary departure. However, it is currently unclear whether Sound Ventures still plans to participate.
Key takeaways:
- An OpenAI employee share sale that values the firm at $86 billion is back on track following Sam Altman’s reinstatement as CEO.
- A group of investors led by Thrive Capital will buy up to $1 billion of stock held by employees or other investors, with the deal expected to close next month.
- Ashton Kutcher’s Sound Ventures, an existing shareholder, was expected to participate in the tender offer, committing about $100 million.
- It is currently unknown whether Sound Ventures still plans to participate following the recent events.