According to reports by Quartz citing The Wall Street Journal, e-commerce and cloud computing giant Amazon is currently in active negotiations to acquire artificial intelligence startup Decart. The potential transaction is estimated to be worth approximately $7 billion.
Potential Deal Timeline and Conditions
Sources familiar with the discussions indicate that an agreement between Amazon and Decart could be finalized in the near term. However, these same sources noted that the timeline remains contingent upon negotiations progressing smoothly, with no unexpected breakdowns or competing bids from alternative buyers emerging.