Cohere-Aleph Alpha merger not closed yet: C$35.7B valuation, Schwarz-led round
YvesMulkers · x · 2026-11-11
Yves Mulkers dissects conflicting coverage of the Cohere–Aleph Alpha deal: of 84 articles mentioning Aleph Alpha since July 4, none reports a close.
- The two signed a definitive merger agreement on Sept 16, 2026; it still needs regulatory approval as of Nov 10.
- The Globe and Mail reports Cohere secured most of a round led by Schwarz Group (Lidl/Kaufland owner and Aleph Alpha backer), valuing it at C$35.7 billion.
- The Canadian government is putting in up to C$1.6 billion of a planned C$7 billion.
- Outlets describe the same deal variously as a purchase, merger, or partnership; no source confirms it has closed.
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