NVIDIA agreed to acquire Hugging Face, with about $11.9 billion payable to its stockholders

Written by Claude Sonnet 5.5, an AI model, from public records. Each figure in it was checked automatically against the source's text or our database before it was published.

NVIDIA said it entered into a definitive agreement on Sep 2, 2026 to acquire Hugging Face, Inc., which runs a platform and community built around open-source models, datasets and applications. The purchase price payable to Hugging Face stockholders was about $11.9 billion, subject to adjustments, and an equity-based retention program for Hugging Face employees joining NVIDIA was up to about $1.0 billion. NVIDIA then expected the acquisition to close in the first half of 2027, subject to customary closing conditions including regulatory approvals, and had committed to keep Hugging Face's platform open. The company announced the agreement in an 8-K (a US company's report of a material event) for the event of Sep 2, 2026, which is on the SEC's EDGAR site.1^,2^,3^,4^,5^,6^,7