2026-09-03
Nvidia agrees to buy Hugging Face for $12.93 billion
Nvidia signed a definitive agreement to acquire Hugging Face: about $11.9 billion to shareholders plus up to about $1 billion in retention equity for staff. Nvidia committed to keep the hub open to other chip vendors. Closing is expected in the first half of 2027, subject to regulatory approval.
Source. SEC filing (Form 8-K)