Nvidia clears regulatory hurdle to acquire Run:ai | TechCrunch
Dec 20, 2024 - techcrunch.com
Nvidia has received approval from the European Union to proceed with its acquisition of the Israeli GPU orchestration platform Run:ai. The EU's unanimous decision was based on the assessment that the merger would not create a monopoly, as other hardware options compatible with Nvidia would remain available in the market. This development is seen as a positive sign for AI startups with acquisition ambitions, indicating that consolidation is currently acceptable in the AI sector.
Despite the EU's approval, the acquisition is still pending approval from the U.S. Department of Justice, leaving the timeline for finalization uncertain. The deal, initially announced in April, is estimated to be valued at around $700 million, although specific terms have not been disclosed.
Key takeaways:
Nvidia has received approval from the European Union to proceed with its acquisition of the Israeli GPU orchestration platform Run:ai.
The European Commission concluded that the merger would not create a monopoly, as other hardware options compatible with Nvidia would remain available.
The acquisition is still pending approval from the U.S. Department of Justice, with no clear timeline for a decision.
The estimated purchase price for Run:ai is around $700 million, according to Bloomberg's reporting.
