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Sources tell us that Thrive is in talks to invest about $1 billion in Databricks new tender offer (~$55B valuation). Part of a new pattern for Thrive writing *big* checks in companies like OpenAi and Stripe https://t.co/WpwAqnnPsA
Thrive Capital is in talks to acquire a roughly $1 billion stake in analytics software maker Databricks, according to people familiar with the matter https://t.co/MPVsKLjMCT
IPO markets set to open in 2025. Stripe is a top choice. Should you buy? And at what price? We discuss this and more on Monday. https://t.co/0zPeYMDc7G
Databricks, a prominent software company, is considering a significant private fundraising round aimed at allowing employees to sell their expiring restricted stock units (RSUs). The company is expected to raise billions of dollars at a valuation of $55 billion. Thrive Capital is reportedly in talks to acquire a $1 billion stake in Databricks as part of this fundraising effort. This move indicates that Databricks is not planning an initial public offering (IPO) in the near future.