NVIDIA to acquire Hugging Face for ~$11.9B; close expected H1 2027

NVIDIA CORP

NVIDIA agrees to acquire Hugging Face for ~$11.9B cash to stockholders, plus up to $1.0B equity retention for employees.
Transaction expected to close in first half of 2027, subject to regulatory approvals and customary closing conditions.
NVIDIA commits to keep Hugging Face's platform open, including support for other silicon vendors.
Filing adds risk factor on government restrictions that could restrict open-source models and impact the platform.

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