Re:OpenAI to buy AI startup from Jony Ive
by ojbyrne on Wednesday May 21, 2025 @10:04PM
(#44058080)
From the article: “all-stock deal”
“As part of the deal, OpenAI is paying $5 billion in equity for io. The balance of the nearly $6.5 billion stems from a partnership reached in the fourth quarter of last year that involved OpenAI acquiring a 23% stake in io.”
“As part of the deal, OpenAI is paying $5 billion in equity for io. The balance of the nearly $6.5 billion stems from a partnership reached in the fourth quarter of last year that involved OpenAI acquiring a 23% stake in io.”