Well, if they didn't want a dominant investor, they didn't get one, they got acquired.
replySounds like it was just too much money for the stakeholders to refuse
replyYea, my bet is that there is quite a long list of money bags sitting behind the leadership team that will weigh in if the offer is juicy enough.
replyI don't think they passed on the 4.5 billion. They still raised it in 2023 with investors like Alphabet etc. They turned Nvidia *earlier this year* for the $7 billion valuation deal. It makes sense if they were angling for an acquisition.
replyThis is the article you are referring to is this but your facts are wrong: https://techcrunch.com/2026/08/24/hugging-face-reportedly-in...
Seems the opposite of a reversal to me.
replyReversal would be "valued at 7B then valued at nothing", this is more like "nah, we want more" then "nah, we want more" then "yes, that's what we want :)".