Nebius agreed on May 1, 2026 to acquire Eigen AI for about 3.8 million shares and up to about $98 million in cash

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Nebius agreed on May 1, 2026 to acquire MagicByte, Inc., which does business as Eigen AI Labs, in a merger agreement. Nebius described itself as an AI cloud company and Eigen AI as an inference and model optimization company. The 6-K said the consideration would be up to about $98 million in cash, subject to adjustments, and about 3.8 million Nebius Class A shares, and the press release put their aggregate value as of signing at approximately $643 million, based on Nebius's 30-day weighted average stock price and subject to adjustments. The source is a Form 6-K, the report a foreign company files with the U.S. Securities and Exchange Commission, filed on May 1, 2026.1^,2^,3^,4^,5^,6^,7^,8