Nvidia: EU examines proposed acquisition of Run Labs

(CercleFinance.com) - The European Commission announces that it has accepted Italy's request to examine the proposed acquisition of Run Labs (an Israeli company specializing in GPU orchestration software for AI computing infrastructures) by Nvidia Corporation.


Although the acquisition does not exceed the notification thresholds defined by the European Merger Regulation, the Italian competition authority exercised its power of 'referral', considering that the operation could pose concrete risks to competition in the EU.

This provision authorizes Member States to ask the Commission to examine a merger which does not have a European dimension, but which affects trade within the Single Market and threatens to significantly distort competition in the territory of the Member State(s) making the request.

In this context, the Commission considered that it was best placed to examine the transaction, given its knowledge and experience in related markets.

It therefore asked Nvidia to notify it of the transaction. As a result, Nvidia cannot proceed with the transaction until it has been notified and cleared by the Commission.


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