C3.AI in Merger Talks with Automation Anywhere, Potential Reverse Takeover

C3.AI (AI) is negotiating a merger with privately-held automation startup Automation Anywhere, according to a January 27 report by The Information. The potential deal would see Automation Anywhere acquire the enterprise AI software provider and subsequently go public through a reverse takeover. The discussions, reported by sources familiar with the matter, could result in Automation Anywhere becoming a publicly-traded entity. Reuters could not immediately verify the report. C3.AI shares have been volatile amid growing competition in the enterprise AI sector.