OpenAI's tender offer, which would allow employees to sell shares in the start-up to outside investors, remains on track despite the leadership tumult and board shuffle, two people familiar with the matter told CNBC.
The round and previously reported valuation were jeopardized by Sam Altman's temporary ouster earlier in November, but his return cleared the way for the tender offer to proceed.
The extension of the tender offer comes after a rollercoaster couple of weeks for the company.
OpenAI's other major backers include Founders Fund, Sequoia Capital and, following the completion of the tender offer, Thrive Capital.
Founders Fund will not participate in the tender offer either, a person familiar with the firm said.
Persons:
Sam Altman, Josh Kushner's, Sam Altman's, Altman, Satya Nadella, Greg Brockman, OpenAI, Bret Taylor, Larry Summers, Adam D'Angelo, Nadella, — CNBC's Ari Levy, Jordan Novet, Elon Musk
Organizations:
Economic Cooperation, APEC, CNBC, Microsoft, Employees, Brockman's, Tiger Global, Fund, Sequoia Capital, Bloomberg
Locations:
Asia, San Francisco , California, OpenAI