Thrive Capital in Talks to Invest About $1 Billion in Databricks

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Thrive Capital is in talks to acquire a roughly $1 billion stake in analytics software maker Databricks Inc. in deal that would value the startup at about $55 billion, according to people familiar with the matter.

Thrive is expected to lead a share sale, also known as a tender offer, for the company, said the people who asked not to be identified discussing private information. A tender offer is a type of deal that allows some early investors and employees to sell stakes to new investors.

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