Bret Taylor: Celebs Rumors

Sam Altman is returning to OpenAI as CEO with a new board, the tech startup said early Wednesday morning. The news comes less than a week after Altman was suddenly ousted last Friday. By Sunday evening, he had moved to Microsoft to help lead a new group researching artificial intelligence. 

OpenAI CEO Sam Altman, ousted four months ago from the company he co-founded, is now fully back in control. His return to its board of directors as part of a reshaped oversight team was announced on Friday.

Todd Spangler NY Digital Editor One week ago, OpenAI’s board fired CEO Sam Altman. Now, the pioneering artificial intelligence startup, which created buzzy AI chatbot ChatGPT, is bringing him back. “We have reached an agreement in principle for Sam Altman to return to OpenAI as CEO with a new initial board of Bret Taylor (Chair), Larry Summers, and Adam D’Angelo,” the not-for-profit research company posted Friday night on X.

NBC News.Last month, Musk announced that he was pulling out of the deal he struck in April, prompting Twitter to sue. Musk had claimed in an SEC filing that the company had failed to disclose information about the number of spam users and fake accounts it hosts.

his hostile takeover of the social media giant, while current CEO Parag Agrawal could earn $39 million from his golden parachute package.Dorsey, who stepped down as CEO late last year, holds just over 18 million shares in Twitter — which has been the bulk of his compensation while he took a $1.40 annual paycheck while serving as chief executive since the platform launched in 2006. With Musk’s buyout offer at $54.20 per share, Dorsey stands to walk away from his company with just under $1 billion, according to the company’s latest proxy filing.Other Twitter execs could see cash payouts if Musk brings in new management and terminates them.

Elon Musk in a deal that values the company at $44 billion, the board announced Monday afternoon.«The proposed transaction will deliver a substantial cash premium, and we believe it is the best path forward for Twitter's stockholders,» Bret Taylor, the company's independent board chair, said in a statement.Musk, the CEO of Tesla and SpaceX, reiterated his plans to remake Twitter as a forum dedicated to promoting free speech.«Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated,» he said in a statement.Musk also said he plans on «making the algorithms open source to increase trust, defeating the spam bots, and authenticating all humans» on the platform.It's the largest deal to take a company private in at least two decades, reported.The board voted unanimously in favor of the acquisition. The deal is expected to close this year, subject to the approval of Twitter's shareholders.The official acquisition caps off a drama worth of a soap opera between the famously mercurial Musk and one of the world's most prominent social networks.The billionaire disclosed earlier this month that he had become Twitter's largest shareholder, and soon after proposed to buy the company outright and take it private.

Taking over. Elon Musk reached a deal to buy Twitter for about $44 billion on Monday, April 25.

Todd Spangler NY Digital EditorElon Musk is poised to become the new owner of Twitter, after a fast flurry of negotiations left the company’s board with no choice but to accept the multibillionaire’s $44 billion takeover proposal.Under the terms of the deal, Twitter stockholders will receive $54.20 in cash for each share of Twitter common stock that they own upon closing of the proposed transaction. The purchase price represents a 38% premium to Twitter’s closing stock price on April 1, 2022, which was the last trading day before Musk, who is CEO of Tesla and SpaceX, disclosed his approximately 9% stake in Twitter.Upon completion of the transaction, Twitter will become a privately held company.Musk said in a statemnet, “Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated,” said Mr.

purchased a 9.2% stake in the company to become its biggest shareholder – offered to buy the rest of Twitter for $54.20 per share, or $43 billion in total. In a letter to Twitter chairman Bret Taylor, he expressed a desire to take the company private in order to “unlock” its “extraordinary potential.”“I invested in Twitter as I believe in its potential to be the platform for free speech around the globe, and I believe free speech is a societal imperative for a functioning democracy,” Musk wrote.

Elon Musk has confirmed his interest in becoming the outright owner of Twitter and says he has submitted a bid to purchase the social media company. Musk says he feels he can unlock the "extraordinary potential" of Twitter, which he bought a 9.2% stake in just 10 days ago. Musk, the world's richest man through his business interests in Tesla and SpaceX, used Twitter to share a link to a regulatory filing on Thursday, confirming that he had launched a takeover bid.

Elon Musk has put in a huge offer to buy Twitter, due in part, because he believes the social media platform “needs to be transformed as a private company.”

Billionaire Elon Musk has offered to buy Twitter for about US$41 billion in cash, saying the social media company he has often criticized needs to go private to see effective changes.

a filing with the Securities and Exchange Commission published Thursday, the billionaire Tesla CEO now pegged as the world’s richest man delivered a letter to Twitter on Wednesday proposing to acquire the company’s remaining shares at $54.20 apiece. That’s above the closing price of $45.86 on Wednesday, when the company had a $36.7 billion market cap.

Tech billionaire Elon Musk has made an offer to acquire Twitter for $54.20 a share – valuing the social media giant at $41.4BN.

pic.twitter.com/G5tUkSSxkl— jack⚡️ (@jack) November 29, 2021 Dorsey then listed Bret Taylor becoming the company’s board chair and the Twitter team’s capabilities as additional reasons for his leaving. He also announced that he will continue to serve on the board until “May-ish” to “help Parag and Bret with the transition” and will leave the board thereafter.His resignation follows Twitter stakeholders Elliott Management and billionaire investor Paul Singer calling on him to resign from his role as CEO of either Twitter or Square, as they were worried that he was stretched too thin between the two companies.