Alphabet Stock Rises After Google Agrees to Buy $10 Billion of Anthropic Shares

TLDR Google agreed to buy about $10 billion of Anthropic stock at the IPO price. Nvidia agreed to the same amount in a $26 billion private placement. Google’s shares are non-voting, and its ownership is capped at 14.99%. Google’s placement shares have no lock-up but face resale limits. Anthropic expects to price on Nov. 18 [...]

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