Will Perplexity AI be acquired before 2027?

Prediction markets put the probability at 24%: Will Perplexity AI be acquired before 2027. Currently, markets see this as unlikely (24% YES). 400 Million Dollar Partnership Between Snap and Perplexity Terminated.

What’s Happening

The question of whether Perplexity AI be acquired before 2027 sharpened after Snap Inc. disclosed in its Q1 2026 earnings report the termination of a $400 million integration agreement, originally signed in November 2025, that would have embedded Perplexity's AI search engine into Snapchat. Both companies described the unwind as "amicable", but Snap simultaneously flagged restructuring charges and softened forward revenue guidance tied to its AI roadmap. The collapse of one of the largest announced AI-distribution contracts of the cycle removed a near-term cash inflow for Perplexity and reshaped its enterprise pipeline narrative heading into the second quarter. [Glass Almanac, May 11]

Counter-signals on standalone viability emerged the same week. On May 8, 2026, Morningstar (Nasdaq: MORN) and its subsidiary PitchBook announced a data-licensing integration channeling analyst-backed investment research and private-market intelligence directly into Perplexity's platform, broadening the company's monetizable enterprise surface area. The same day, Perplexity rolled out its Personal Computer agent app to all Mac users, removing the prior Max-tier subscription gate and waitlist requirement. Both moves point to continued independent product expansion rather than an imminent integration into a larger acquirer's stack — a pattern historically associated with companies positioning for late-stage funding rounds rather than near-term sale. [ChartMill, May 8]

Market pricing at 24% YES / 76% NO reflects the tension between two macro forces: AI-sector M&A activity has remained elevated through 2026, but Perplexity's reported private valuation north of $14 billion places it beyond the comfortable acquisition range of all but a handful of mega-cap buyers, most of whom face FTC and EU antitrust scrutiny on horizontal AI deals. The Snap unwind eliminated one strategic-partnership pathway that historically precedes acquisition; the Morningstar and Mac-agent rollouts widen the standalone-revenue base. Whether Perplexity AI be acquired in the remaining roughly seven months of 2026 hinges on whether a buyer emerges willing to clear both the valuation hurdle and the regulatory review window before year-end. [Citybiz, May 8]

Traded on Polymarket — $2.4M Volume

Active market on Polymarket with $2.4M in total volume. Sufficient liquidity for most position sizes. Currently priced at 24c YES.