EU approves Nvidia's acquisition of Run:ai
Tweet
Share
E-mail
FILE PHOTO: A smartphone with a displayed NVIDIA logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration/File Photo
BRUSSELS (Reuters) - The European Commission said on Friday it has approved unconditionally Nvidia's $700 million bid for Run:ai.
The EU's probe into the deal focused on practices that could strengthen Nvidia's control over GPUs, sought-after chips that divide and process computer tasks, but it concluded that the acquisition of Run:ai would not raise competition concerns.
(Reporting by Charlotte Van Campenhout; Editing by Susan Fenton)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Saudi wealth fund weighs EA-Savvy merger, Bloomberg News reports
- Factbox-Trump administration charges in some high-profile cases falter
- Carney says he spoke recently to Trump about Iran, Ukraine
Create E-mail Alert Related Categories
ReutersRelated Entities
Definitive AgreementSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
