Brookfield's new AI unit Radiant valued at $1.3 billion after merger with UK startup, sources say [Yahoo! Finance Canada]
Brookfield Asset Management Inc. (BAM)
US:NYSE Investor Relations:
bam.brookfield.com/en
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Source: Yahoo! Finance Canada
LONDON, Feb 27 (Reuters) - Brookfield Asset Management's new AI infrastructure company Radiant has been valued at $1.3 billion after merging with London-based cloud computing firm Ori Industries, according to three people ?with knowledge of the matter and a document seen by Reuters. Radiant, a new company the Canadian asset ?manager created to provide on-demand access to artificial intelligence chips, said it had combined with Ori in a deal announced on Tuesday without ?disclosing any financial terms. All of Ori's existing investors have rolled their stakes into Radiant, the sources said, adding that Brookfield injected fresh capital into the new company. Reuters could not determine how much of the valuation reflected Ori's contribution. The valuation was established earlier this month, according to the document and one of the people. Reuters could not determine if it had ?changed since then. Brookfield and Ori declined ?to comment. The sources declined to be identified bec
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BAM
Earnings
- 2/4/26 - Beat
BAM
Sec Filings
- 2/20/26 - Form EFFECT
- 2/11/26 - Form F-X
- 2/11/26 - Form F-X
- BAM's page on the SEC website