Databricks, a diversified data infrastructure and AI company, has agreed to acquire Tabular, a data management company.
The deal was reportedly valued at more than USD 1 billion and is expected to be completed by the end of Q2 (ending July 31, 2024).
Following the acquisition, the two companies will collaborate with the Delta Lake and Iceberg communities to achieve format compatibility for lakehouse storage, benefiting customers through greater choice and fewer incompatibilities.
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