Tech giant Amazon is conducting negotiations to acquire Israeli artificial intelligence startup Decart for approximately $7 billion, The Wall Street Journal reported, citing sources familiar with the details. According to the report, negotiations between the parties are advanced and the deal could be signed soon, but it has not yet been finalized and the possibility remains that talks could fail or another potential buyer could enter.
If the deal goes through at the reported valuation, it would become one of the largest exits in the history of Israeli high-tech and one of Amazon’s largest acquisitions in recent years, alongside its acquisition of MGM studios in 2022 for about $6.5 billion and its announcement this year of the acquisition of Globalstar for approximately $11 billion. The price also reflects a jump of roughly 75% in the company’s valuation compared to last May, when it was valued at about $4 billion.
The report of negotiations with Amazon comes about a month after a…
https://www.jpost.com/business-and-innovation/tech-and-start-ups/article-911394
