ChatGPT creator OpenAI in talks for tender offer at $29B valuation … – Seeking Alpha
OpenAi, the firm behind the ChatGPT chatbot, is said in talks to sell existing shares in a tender offer that would value the company at about $29 billion.
Venture capital firms Thrive Capital and Founders Fund are in discussions to invest in the deal, which would include at least $300 million in shares sales, according to a WSJ report, which cited people familiar. The transaction is structured as a tender offer, where investor buy shares from existing holders.
The $29 billion valuation for OpenAI would be about double the $14 billion valuation the company was valued at in 2021, when it last completed a tender offer, according to the WSJ.
The WSJ reported in late October that Microsoft (MSFT) was said to be in advanced discussions for a new funding round for OpenAI. Microsoft disclosed in July 2019 that it invested $1 billion in OpenAI.
The Information reported on Tuesday that Microsoft (MSFT) is reportedly working on a version of its Bing search engine that uses the artificial…
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source: https://news.oneseocompany.com/2023/01/05/chatgpt-creator-openai-in-talks-for-tender-offer-at-29b-valuation-seeking-alpha_2023010538893.html
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