Overview

• Reuters, citing people familiar with the matter, reports ASML would supply most of a €1.7 billion round that values Mistral at about €10 billion.
• The proposed deal would give ASML a supervisory board seat at Mistral and make it the company’s largest shareholder, according to the report.
• Mistral’s last funding round valued the 2023-founded startup at nearly €6 billion, and Bloomberg recently said it was pursuing an even higher valuation target.
• Neither ASML nor Mistral commented on the report, leaving the details unconfirmed.
• Reuters says Bank of America advised ASML and frames the tie-up as strengthening Europe’s tech position.