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Microsoft CDR (CAD Hedged)
Symbol MSFT
Shares Issued 46,900,000
Close 2026-04-10 C$ 26.20
Market Cap C$ 1,228,780,000
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Globe says Meta, rivals hear Cohere in merger talks

2026-04-13 06:51 ET - In the News

See In the News (C-META) Meta CDR (CAD Hedged)

The Globe and Mail reports in its Saturday, April 11, edition that two unnamed sources say Cohere is in talks to merge with German artificial intelligence player Aleph Alpha. The Globe's Joe Castaldo writes that the deal could significantly impact the Canadian AI ecosystem and Cohere's competitiveness against United States tech giants. Cohere spokesman Kyle Lastovica said the company does not comment on rumours or speculation, but pointed out that Canada and Germany are collaborating in general on technology. "Cohere meets with companies and institutions across Germany and Europe," he said. The Globe says a merger would be politically sensitive. It notes that Cohere is vital for Canada's AI goals. Countries like Canada and Germany are working to strengthen their AI industries for greater autonomy and control over this powerful technology. The location of any new entity will be significant for both nations. One source pointed out that Cohere is the larger of the two companies, and that its core presence and intellectual property are expected to remain in Canada should the deal proceed. A German publication said the new entity will have offices in Canada and Germany, with the German government as an anchor customer.

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