Databricks in Talks to Acquire Open-Source Database Startup Neon for $1B+

Data and AI unicorn Databricks is in advanced talks to acquire Neon, a maker of an open-source database engine, for approximately $1 billion, according to four sources familiar with the matter. While some believe the deal is done, sources say negotiations are ongoing and could still fall apart. The final price could exceed $1 billion when employee retention packages are included. Neon and its CEO declined to comment, and Databricks did not respond to a request for comment.