Unless if this 1.3B cash I wouldn’t celebrate so soon. This is likely mostly stock deal, backed by databricks equity that, like most other private companies, i

Unless if this 1.3B cash I wouldn’t celebrate so soon. This is likely mostly stock deal, backed by databricks equity that, like most other private companies, is illiquid and has taken a nose dive in value in the last couple of years. I don’t know the exact split, but I’d imagine it is 300m cash, 1B in databricks stock at some last round private valuation that’s likely untested Databricks last raises at 38B valuation at 1B ARR near peak valuation hype in August 2021. Assuming they can get 10x and their ARR has doubled since then, they’re down maybe 50 percent in valuation. Internally they say they are marking themselves down to about 34B. Is the deal using databricks shares valued at 38B? 34B? 20B? Who knows. I hope it’s the latter. And I hope that whenever Mosaic folks get to sell their databricks stocks that it is worth more than that