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The article discusses Microsoft's close attempt to acquire OpenAI for around $25-$29 billion after CEO Sam Altman was ousted in November 2023. Instead of a traditional acquisition, Microsoft considered a "hackquisition," hiring OpenAI employees directly if Altman wasn't reinstated. Ultimately, Altman returned, and the deal never happened.
The article argues that now is a strategic time for startups to consider selling due to inflated valuations, strong corporate balance sheets, and increasing antitrust risks. It highlights the importance of acting before potential market corrections and regulatory changes that could hinder future acquisitions.