mlex.casefile

November 28, 2024, 08:46 GMT | Official Statement) — MLex Summary: Parties interested in plans by Nvidia to take over Israeli startup Run:ai now have ten days to share their feedback with the European Commission. The EU merger regulator has set a provisional Dec. 20 deadline to decide on the transaction.

****************************************

Notice follows. 

C/2024/7203

28.11.2024

Prior notification of a concentration
(Case M.11766 – NVIDIA / RUN:AI)
(Text with EEA relevance)
(C/2024/7203)

1. On 15 November 2024, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1).

This notification concerns the following undertakings:

—NVIDIA Corporation (‘NVIDIA’, United States of America),

—Run:ai Labs Ltd (‘Run:ai’, Israel).

NVIDIA will acquire within the meaning of Article 3(1)(b) of the Merger Regulation control of the whole of Run:ai.

The concentration is accomplished by way of purchase of shares.

The concentration has been referred to the Commission by the Italian Competition Authority pursuant to Article 22(3) of the Merger Regulation.

2. The business activities of the undertakings concerned are the following:

—NVIDIA designs and supplies accelerated computing platforms including Graphics Processing Units for gaming, datacenters, professional visualization, and automotive applications. NVIDIA also supplies network interconnect products and solutions,

—Run:ai develops software that helps customers schedule workloads on clusters of datacenter GPUs.

3. On preliminary examination, the Commission finds that the notified transaction could fall within the scope of the Merger Regulation. However, the final decision on this point is reserved.

4. The Commission invites interested third parties to submit their possible observations on the proposed operation to the Commission.

Observations must reach the Commission not later than 10 days following the date of this publication. The following reference should always be specified:

M.11766 – NVIDIA / RUN:AI
Observations can be sent to the Commission by email or by post. Please use the contact details below:
Email: COMP-MERGER-REGISTRY@ec.europa.eu
Postal address:
European Commission
Directorate-General for Competition
Merger Registry

1049 Bruxelles/Brussel

BELGIQUE/BELGIË

(1) OJ L 24, 29.1.2004, p. 1 (the ‘Merger Regulation’).

ELI: http://data.europa.eu/eli/C/2024/7203/oj

ISSN 1977-091X (electronic edition)

Tags

Leave a Reply