AI chip startup Eliyan has received at least one acquisition offer and has hired a bank to handle the process, according to a Techub News brief citing Crypto Briefing. The company was valued at $1 billion after a funding round completed several months ago. The potential takeover is now targeting a valuation of $3 billion. The report did not disclose the identity of the bidder or the bank involved, and no timeline for a deal was provided. The update points to a sharp jump from Eliyan’s most recent financing valuation if a transaction moves forward at the level cited in the report.
AI chip startup Eliyan has received at least one acquisition offer and has hired a bank to manage the matter, according to Techub News, which cited Crypto Briefing.
Eliyan was valued at $1 billion after completing a funding round several months ago. The potential takeover is targeting a valuation of $3 billion, the report said.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
