Nebius to Acquire Eigen AI for $643M, Pre-Market Shares Rise 3.5%
Nebius will acquire US-based Eigen AI in a cash-and-stock transaction valued at $643 million, adding its inference and model optimisation technologies to the Token Factory platform. Shares jumped 3.53% in pre-market trading to near a 52-week high on expectations of enhanced autoscaling performance and US research hub expansion.
1. Acquisition Structure and Valuation
Nebius will acquire Eigen AI in a cash-and-stock transaction valued at $643 million, combining cash consideration with newly issued Class A shares. The company expects to finalize the deal in the coming weeks upon receiving antitrust approval.
2. Integration into Token Factory
Eigen AI’s inference and post-training optimisation technologies will be embedded directly into Nebius Token Factory, aiming to boost autoscaling endpoints, fine-tuning capabilities and hardware efficiency for a wide range of open-source models.
3. US Expansion and Team Acquisition
The transaction brings Eigen AI’s founding researchers to Nebius and establishes a new San Francisco Bay Area engineering and research hub featuring experts in sparse attention, weight quantisation and large language model frameworks.
4. Stock Reaction and Analyst Outlook
NBIS shares rose over 3.5% in pre-market trading, nearing a 52-week high on strong technical momentum and a Buy rating from analysts, who have set an average price target of $165.30.