Nebius Group N.V. (NasdaqGS:NBIS) entered into an agreement and plan of merger to acquire Eigen AI, Inc. for approximately $620 million on May 1, 2026. The consideration will be paid in a combination of cash and Nebius?s Class A shares with aggregate value as of signing, based on Nebius?s 30-day weighted average stock price. Following close, Eigen AI?s inference and post-training optimization layers will be integrated directly into Nebius Token Factory, which provides enterprise-grade autoscaling endpoints and fine-tuning pipelines across all major open-source models.
The transaction is expected to close in the coming weeks, subject to certain customary conditions, including antitrust clearance. Axom Partners acted as financial advisor and Davis Wright Tremaine LLP acted as legal advisor for Eigen AI, Inc
Nebius Group NV is a Netherlands-based infrastructure company operating in the technology industry. The Company is engaged in developing a portfolio of artificial intelligence-related technology assets. It is involved in creating an artificial intelligence-centric player to integrate the essential elements of artificial intelligence development with infrastructure, data and advisory globally. It offers products and services such as a cloud platform for artificial intelligence-related workloads, development team services for autonomous vehicles, development of generative artificial intelligence. Nebius builds full-stack infrastructure to service the growth of the global AI industry, including GPU clusters, cloud platforms and tools and services for developers. Company is developing three other businesses that operate under their own brands: Toloka AI, TripleTen and Avride.
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