MongoDB in Advanced Talks to Acquire Israeli Startup Firebolt
Translated & summarized from TheMarker by baba
American company MongoDB is in advanced talks to acquire Israeli startup Firebolt for an estimated $250-$300 million. The deal is not yet finalized, but if completed, it would be MongoDB's first acquisition in Israel. Firebolt, previously valued at $1.4 billion in 2022, would see its investors likely recover most of their investment without substantial profit.
The story in 5 lines · by baba
- MongoDB is negotiating to buy Israeli startup Firebolt for $250-$300 million.
- The deal is not yet finalized, with no binding agreement signed.
- Firebolt was valued at $1.4 billion in its last funding round in 2022.
- Investors in Firebolt may recover most of their investment, but without significant returns.
- This would be MongoDB's first acquisition in Israel.
American public company MongoDB is in advanced negotiations to acquire Israeli startup Firebolt for an estimated $250 million to $300 million. The companies have not yet signed a binding agreement, so the deal's completion is uncertain. If the acquisition proceeds, it would be MongoDB's first purchase in Israel. MongoDB is currently valued at $27 billion. Firebolt was previously valued at $1.4 billion in its last funding round in 2022, during the tech bubble. Should the deal be finalized, investors in Firebolt are expected to recoup most of their investment, but without significant returns.
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