Amazon in talks to buy Decart for about $7bn, WSJ reports

Image for article Amazon in talks to buy Decart for about $7bn, WSJ reports
News Source : The Next Web

News Summary

  • A deal could come soon if the talks do not fall apart and no other buyer steps in, the Wall Street Journal said.
  • Amazon declined to comment outside regular business hours, and Decart did not respond to requests for comment.
  • In May, Decart raised $300m in a round led by Radical Ventures, with Nvidia joining as a new investor.
  • Decart has raised more than $400m from investors including Sequoia Capital, Benchmark and Radical Ventures.
  • A deal at the reported price would be one of the biggest exits in the history of Israel’s tech industry.
Amazon is in talks to buy the AI startup Decart in a deal that could value it at about $7bn, The Wall Street Journal reported on Sunday.

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