financetom
Business
financetom
/
Business
/
Market Chatter: Elon Musk Seeks to Block OpenAI Attempt to Pry Open Communications Over Meta Buyout Bid
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Market Chatter: Elon Musk Seeks to Block OpenAI Attempt to Pry Open Communications Over Meta Buyout Bid
Aug 27, 2025 3:34 AM

06:02 AM EDT, 08/27/2025 (MT Newswires) -- Tesla (TSLA) Chief Executive Elon Musk's lawyers have petitioned a US judge to block Microsoft ( MSFT )-backed (MSFT) OpenAI's effort to obtain documents and communications from Meta Platforms ( META ) pertaining to the social media company's $97.4 billion bid for OpenAI assets, Reuters reported Tuesday, citing a court filing.

OpenAI has asked a judge to order Meta to come up with any communications that could show Musk sought to enlist Meta in an effort to buy OpenAI, the report said.

Musk's lawyers argue the documents are irrelevant, while Meta has also asked the judge to deny the request, the report said.

OpenAI, Musk's lawyers, and Meta did not immediately reply to MT Newswires' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
BNY quarterly profit rises on investment service fee boost
BNY quarterly profit rises on investment service fee boost
Jul 12, 2024
(Reuters) - BNY posted a 10% rise in second-quarter net profit on Friday, as higher investment service fees more than offset the world's largest custodian bank's lower interest income. The bank's assets under management (AUM) climbed 7% to $2.05 trillion from a year earlier, as more investors aimed to gain from a rally in the U.S. markets, while the assets...
Wells Fargo misses interest income estimates as deposit costs bite, shares slump
Wells Fargo misses interest income estimates as deposit costs bite, shares slump
Jul 12, 2024
(Reuters) -Wells Fargo's ( WFC ) second-quarter profit declined and the lender missed analysts' estimates for interest income on higher deposit costs amid intense competition for customers' money, sending its shares down more than 5% in premarket trading. Net interest income (NII) -- or the difference between what a bank earns on loans and pays out for deposits -- slid...
Bunge, Viterra offer concessions seeking EU approval for $34 bln merger
Bunge, Viterra offer concessions seeking EU approval for $34 bln merger
Jul 12, 2024
BRUSSELS, July 12 (Reuters) - U.S. grains merchant Bunge and Glencore ( GLCNF )-backed Viterra have offered concessions aimed at winning EU antitrust approval for their $34 billion merger, the European Commission website showed on Friday. The companies announced their merger a year ago in a challenge to global giants Archer-Daniels-Midland ( ADM ) and Cargill. The European Commission, which...
Fastenal Company's Q2 Net Income Declines, Net Sales Rise
Fastenal Company's Q2 Net Income Declines, Net Sales Rise
Jul 12, 2024
07:16 AM EDT, 07/12/2024 (MT Newswires) -- Fastenal Company ( FAST ) reported Q2 net income Friday of $0.51 per diluted share, down from $0.52 a year earlier. Analysts polled by Capital IQ expected $0.51. Net sales for the quarter ended June 30 were $1.92 billion, compared with $1.88 billion a year ago. Analysts surveyed by Capital IQ expected $1.91...
Copyright 2023-2026 - www.financetom.com All Rights Reserved