All articles tagged with #acquisition
Barnes & Noble announced it will acquire Joseph-Beth Booksellers’ two stores in Lexington, Kentucky, and Cincinnati, while preserving Joseph-Beth’s independent identity and continuing to operate at its current locations; staff, community programming, and Bronte Bistro will remain, with Barnes & Noble providing resources to support the brand’s future longevity.
Barnes & Noble is acquiring Joseph-Beth Booksellers’ two locations in Lexington and Cincinnati. The stores will keep their independent identity, and Bronte Bistro will continue operating at the current sites, as the move is framed to support the longevity and community role of the bookstores.
IonQ used its investor day to unveil Superion, its sixth-generation quantum system built with SkyWater processors and slated for 2027 shipments, following a $1.8 billion SkyWater acquisition that boosted the full-year revenue guide to $450–$460 million from $280–$290 million. The event also featured an $8.18 million security agreement with Congruity360 and underscored IonQ’s push into adjacent areas like networking, cybersecurity, and government/enterprise partnerships as it aims to become a leading quantum technology supplier.
NVIDIA is set to hit a two‑month high after agreeing to pay about $11.9 billion for Hugging Face, plus up to $1 billion in retention incentives, for a total around $12.93 billion; Needham and Raymond James analysts call the deal strategically valuable, framing it as access to a critical part of the AI development process rather than just Hugging Face earnings, with Hugging Face remaining open to multiple hardware/cloud providers. The purchase expands Nvidia’s reach beyond chips into the AI software/developer ecosystem, signaling a broader push into AI model governance and deployment, and sending shares higher in pre‑market trading.
Nvidia is buying Hugging Face for $12.9B, paying about $11.9B to Hugging Face investors and up to $1B in stock incentives. Hugging Face will remain open-source, with Nvidia expanding its infrastructure to improve reliability, evaluation, inference and deployment globally while preserving the open ecosystem. The founders say Nvidia is a fitting home, and Nvidia is the platform’s biggest contributor with hundreds of models and datasets.
Nvidia is paying $12.9 billion to acquire Hugging Face, a leading open-model platform, in a defensive move to defend the open AI ecosystem that drives chip demand, prevent rivals from gaining influence, and gain early insights into which models, datasets and architectures developers are prioritizing, reinforcing its strategy to back both open and proprietary AI.
Nvidia’s 12.9B Hugging Face deal is seen as a strategic accelerant for enterprise AI, giving Nvidia direct access to a massive repository of models and real-time developer trends, according to HPE CEO Antonio Neri; the move comes alongside Hewlett Packard Enterprise’s strong quarterly results and raised FY2027 guidance, underscoring robust demand for AI infrastructure.
NVIDIA confirmed it will pay about $13 billion (roughly $12.93B) to acquire Hugging Face, the open-weight AI platform, signaling a strategic push to build a robust open AI ecosystem. Hugging Face counts more than 18 million developers and 3 million models, used by over 200,000 companies, and Nvidia says the platform will remain open to support open-source models as part of the broader AI stack. The deal is expected to close in the first half of 2027, subject to regulatory approvals, with analysts viewing it as Nvidia positioning itself as a central AI platform beyond chip manufacturing.
Nvidia has agreed to acquire Hugging Face for about $12.93 billion, bringing one of the most popular open-source AI model hubs under the world’s largest AI chipmaker. Nvidia says Hugging Face will remain an open platform for developers, with plans to scale the infrastructure and broaden access to AI. Hugging Face was last valued at $4.5 billion in 2023 and has about $150 million in annual revenue, a small fraction of the purchase price.
Nexus Mods has acquired SteamDB and will fund and staff its ongoing development, keeping SteamDB’s name and operations intact while improving infrastructure, security, and long-term stability.
GoPro is selling to Starman Optical in a $285 million cash deal that leaves existing holders with roughly 10% of the recapitalized firm and fully retires about $92 million of debt. The merged group, via Starman New Photonics, plans to attach GoPro’s imaging patents to a U.S.-based optical-transceiver business aimed at AI data centers, with a Warren, New Jersey plant and a $150 million investment. GoPro will continue selling cameras and supporting subscriptions, but the deal signals a pivot toward optics for defense, government, and data-center markets, subject to stockholder and regulatory approvals for a year-end close.
Nexus Mods has acquired SteamDB, but the two projects will remain separate with SteamDB continuing to operate as is, supported by Nexus for long-term stability; no immediate changes to core functionality are planned, and while an API and monetization options are being explored, ads won’t be introduced for now.
SteamDB, the 13-year community-backed Steam data database, has been acquired by the owners of Nexus Mods (Chosen). Co-founders xPaw and Marlamin are stepping back due to burnout, with SteamDB remaining a standalone brand under new backing and a funded team. In the near term, users should see little change, but the deal aims to improve infrastructure, security, and long-term maintenance, while exploring closer integration with Nexus Mods and potential monetization through partnerships and affiliate links—all while keeping SteamDB free to access.
GoPro has been sold to Starman Holding for $285 million in cash, a move the company frames as a merger that shifts GoPro toward defense, government, robotics and aerospace. The press release highlights GoPro’s imaging IP and US manufacturing ambitions, with production to be brought back to the United States. GoPro will continue existing consumer products while expanding into defense/aerospace consulting; Markiplier owns about 8.5% of shares and the deal is expected to close by year-end, though SEC filings had not yet appeared.
OpenAI plans to end developers’ access to its models via Cursor, with a proposed Nov. 12, 2026 cutoff, citing uncertainty SpaceX will honor its terms after acquiring Cursor’s parent. Cursor says OpenAI models account for about 5% of its user traffic and that talks are ongoing. SpaceX completed the $60 billion acquisition of Cursor in August, highlighting the ongoing clash between Elon Musk and OpenAI leadership.