10:30 AM EDT, 05/06/2025 (MT Newswires) -- Microsoft ( MSFT ) is the main investor still holding out on approving OpenAI's proposed plan to restructure its for-profit division despite ongoing negotiations, Bloomberg reported Tuesday, citing people with knowledge of the matter.

Microsoft ( MSFT ), which invested $13.75 billion in OpenAI, is trying to ensure its investment remains secure during the restructuring, the report said.

OpenAI recently scaled back its plan to become a more traditional for-profit company, but needs key stakeholders, including Microsoft ( MSFT ), to support its new structure, according to Bloomberg.

OpenAI is working closely with Microsoft ( MSFT ) and expects to finalize the recapitalization details soon, the company reportedly said in a statement.

The state attorneys general of California and Delaware are also involved, as they must oversee the valuation and fairness of the nonprofit's stake in the new for-profit entity, Bloomberg reported.

Among all investors, only Microsoft ( MSFT ) and a few early backers have the authority to approve the restructuring, but Microsoft ( MSFT ) is currently the only one in active talks with OpenAI, the report said. Microsoft's ( MSFT ) unique partnership with OpenAI, which includes licensing and revenue sharing, adds more complexity to the negotiations, Bloomberg added.

Microsoft ( MSFT ) and OpenAI did not immediately respond to requests for a comment from MT Newswires.

(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.)

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