AcquisitionsJun 16, 2026, 09:02 AM
Nebius Completes Acquisition of Eigen AI Labs
AI Summary
Nebius Group N.V. announced the successful closing of its acquisition of MagicByte, Inc., operating as Eigen AI Labs. Eigen AI is recognized as a prominent company in inference and model optimization. The transaction, initially announced on May 1, 2026, was finalized on June 10, 2026, after securing all necessary regulatory approvals and fulfilling standard closing conditions.
Key Highlights
- Nebius Group N.V. completed the acquisition of MagicByte, Inc. (d/b/a Eigen AI Labs).
- Eigen AI is described as a leading inference and model optimization company.
- The acquisition was initially announced on May 1, 2026.
- The transaction officially closed on June 10, 2026.
- Closing followed receipt of required regulatory approvals and customary conditions.
Price Impact
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