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Re:OpenAI Deal Lets Employees Sell Shares at $86B Valuation by sitkack on Monday February 19, 2024 @06:22AM (#39428563)
So it was a buyback?
Re:OpenAI Deal Lets Employees Sell Shares at $86B Valuation by maratc on Monday February 19, 2024 @07:24AM (#39428992)
To the best of my understanding, it wasn’t a “buyback” as the money came from the new investors and not from the company itself. The new owner of the options (or shares) that were previously mine is the new investor — and again, this is what I understand, it might or might not be the actual case. None of it is my business or of any interest to me, though.
Re:OpenAI Deal Lets Employees Sell Shares at $86B Valuation by dilyevsky on Monday February 19, 2024 @09:08PM (#39437235)
Technical term is “tender offer”, not necessarily buyback - other investors can participate too