Overview

• Newly disclosed filings say Elon Musk approached Mark Zuckerberg in February about financing an unsolicited $97.4 billion proposal to acquire OpenAI.
• OpenAI’s board rejected the bid, which the company characterizes in court papers as a sham offer that harmed its business in competition with xAI.
• Meta, through spokesperson Andy Stone and court filings, says neither the company nor Zuckerberg signed a letter of intent or took part in the effort.
• OpenAI is seeking an order compelling Meta to produce documents about any talks on potential financing, recapitalization or restructuring related to OpenAI.
• Judge Yvonne González Rogers has already ruled Musk must face OpenAI’s harassment claims, and the case is slated for a jury trial in spring 2026.