Databricks Eyes $1 Billion Acquisition of Open-Source Database Startup Neon
Summary
Databricks, a data analytics software company, is reportedly in advanced negotiations to acquire Neon, an open-source database startup, for a staggering $1 billion, though the deal has not yet been finalized and could potentially fall through.
Key Points
- Databricks is in advanced talks to acquire startup Neon for about $1 billion
- Neon is a maker of an open-source database engine
- The deal is not finalized and could still fall through