If [the] OpenAI board is prepared to preserve the charity’s mission and stipulate to take the ‘for sale’ sign off its assets by halting its conversion, Musk will withdraw

A lawyer for Elon Musk said the billionaire will withdraw his bid for OpenAI's nonprofit if OpenAI's board of directors agree to terms.

Musk and a consortium of investors previously launched a bid to acquire OpenAI's non-profit arm for $97.4 billion. OpenAI CEO Sam Altman has rebuffed the offer, telling CNBC that the move is just an effort by Musk to "slow down a competitor.