04:25 PM EDT, 05/22/2024 (MT Newswires) -- Snowflake's (SNOW) discussions to purchase startup Reka AI for over $1 billion have collapsed, Bloomberg reported Wednesday, citing people aware of the situation.

Snowflake and Reka did not respond to Bloomberg's comment requests.

Snowflake and Reka did not immediately respond to MT Newswires' request for comments.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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