Musk Files Damages Claim Seeking Up to $134 Billion From OpenAI, Microsoft [Yahoo! Finance]
Microsoft Corporation (MSFT)
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Source: Yahoo! Finance
Microsoft ( NASDAQ:MSFT ), seeking damages that could range from $79 billion to $134 billion as the dispute heads toward a jury trial. In a court filing submitted on Friday, Musk's legal team outlined a damages framework prepared by a financial economist, arguing that Musk may be entitled to a portion of OpenAI's current $500 billion valuation. The filing followed a federal judge's decision to reject a last-ditch effort by OpenAI and Microsoft to avoid trial, setting the stage for jury proceedings scheduled for late April in Oakland, California. Warning! GuruFocus has detected 2 Warning Sign with MSFT. Is MSFT fairly valued? Test your thesis with our free DCF calculator. Musk's lawyers contend that the damages reflect both his $38 million seed donation to OpenAI when he helped found the company in 2015 and his broader non-financial contributions, including technical and business guidance. According to expert witness C. Paul Wazzan, the alleged wrongful gains could amount to betw
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