Following last week’s news of Casper going into Target stores nationwide, it was reported that Target had offered $1 billion for the online mattress brand.

According to Recode, a technology news website, multiple sources said acquisition talks between the two companies over a few months broke down, and Target will to take a minority stake instead.

Industry insiders believe a new round of funding for the N.Y.-based startup could be announced in the next few weeks, as Casper had been in the process of raising funding when the Target talks began.

Both Casper and Target have declined to comment.