Tuesday, October 20, 2026
Steris said on Monday 12 October that it will buy Xodus Medical, a privately held maker of surgical safety products, for $2.1 billion at closing, with up to $150 million more in earnout. It expects to close by 31 December 2026 and to fund the deal primarily with debt. Nothing has closed.
IonQ said on Monday 12 October that it will buy Zero Trust security company Elisity in an all-stock deal valued at up to $1.3 billion, including up to $150 million in earnout. The deal is expected to close in the fourth quarter of 2026, subject to regulatory approval. Neither company has disclosed Elisity's revenue.
Nvidia is buying Hugging Face for something near $13bn. The deal will probably clear, because nothing in it looks like a conventional overlap. That is a fact about how we assess acquisitions, not about whether this one is fine.
Nvidia has agreed to acquire Hugging Face, the hub through which a very large share of open models, datasets and tooling reaches developers, in a deal reported around $13bn. The platform's value came substantially from belonging to none of the hardware vendors. That property is what has just been bought.
A generation of franchise owners is heading for the exits, and a new class of buyers, many of them corporate refugees, is lining up to take over proven units.