Nvidia Secures EU Approval for $700 Million Run:ai Deal

BRUSSELS – On Friday, the European Commission said it has approved unconditionally Nvidia’s (NASDAQ: NVDA) $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.

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Maria Reed

Maria Reed is a financial journalist with a passion for covering US equities. She joined the ABBO News team in June 2023. Maria holds an M.S. degree in International Economics and Finance from Otto-von-Guericke University in Magdeburg and is a CFA Level 2 candidate.

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