Perplexity Odds Ease as $750M Microsoft Deal Signals Independence
· flowframe Pulse
Perplexity’s acquisition probability dipped following a three-year, $750 million cloud agreement with Microsoft that underscores the startup’s path toward scaling independently. Traders are also weighing the legal risks of an ongoing copyright lawsuit from the New York Times and a high $20 billion valuation as significant deterrents for potential buyers.
50¢ → 46¢ • Vol: $2.2M