⚡M&A Brief⚡ Anthropic has decided not to move forward with an acquisition of Israeli AI company Decart, Bloomberg reports. The two had been discussing a potential deal worth roughly $6 billion, and Anthropic completed due diligence before talks ended without an agreement. Sources said the companies may still pursue other forms of collaboration. Both declined to comment, and no reason for the outcome has been disclosed. Decart builds software that makes chips run more efficiently, lowering the cost of training and operating AI models. Its most recent public pricing event was a $300 million round in May 2026 at a valuation approaching $4 billion, led by Radical Ventures with participation from Nvidia, Adobe Ventures, Atreides Management and Valor Equity Partners. With the deal off, Decart's most recent public pricing event is still that May round. The $6 billion figure is not meaningless — it shows a major model company seriously evaluated that price under a specific set of terms, and the market will remember it. But it is not a transacted price, and it does not replace the verifiable $4 billion mark. Acquisition offers also tend to carry a control premium and the value of integration synergies, which makes them a different thing from what a financial investor would pay in a funding round. Private company prices surface only at a handful of moments: a new round, a secondary transfer, a tender offer, or a completed acquisition. Between two of those events, the fundamentals may be moving constantly, but there is no public, continuous, tradable price to show it. A listed company is quoted every trading day. A private company might be priced once a year. What happens inside that gap is largely invisible — and impossible to participate in. Source: Bloomberg, 2026-09-08