Articles for tag: Acquisition, AI competition, Antitrust, European Commission, NVIDIA, Run.ai, tech regulation

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Nvidia’s $700 million acquisition of AI startup Run faces EU antitrust scrutiny, raising concerns over competition in the tech sector.

The European Commission has announced that Nvidia must seek antitrust approval for its planned acquisition of the Israeli AI startup Run. Concerns about potential competition issues have prompted regulators to investigate the deal, which was initially valued at around $700 million. Although the acquisition does not typically trigger mandatory EU review, it was referred to ...

Market News

AI

Nvidia’s $700 million acquisition of AI startup Run faces EU antitrust scrutiny, raising concerns over competition in the tech sector.

Nvidia, a leading U.S. semiconductor company, must seek approval from the European Commission for its planned $700 million acquisition of Israeli AI startup Run. This decision stems from concerns that the deal could harm competition in the tech sector. EU regulators, who are increasingly vigilant about mergers that may stifle competition, may require Nvidia to ...

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Pluckk’s dramatic acquisition of Upnourish for .4M enhances its health-focused product lineup, responding to a booming demand for nutritious options.

Pluckk’s dramatic acquisition of Upnourish for $1.4M enhances its health-focused product lineup, responding to a booming demand for nutritious options.

Pluckk, a fresh food delivery platform backed by the Ruia family, has acquired Upnourish, a nutrition and wellness brand, for $1.4 million. This move aims to enhance Pluckk’s range of health-focused products, meeting the growing consumer demand for nutrition in grocery delivery. Co-Founder and CEO Pratik Gupta emphasized the importance of integrating nutrition into their ...

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Aurobindo Pharma finalizes acquisition of GLS Pharma, enhancing its oncology portfolio, gaining full ownership by December 2024.

Aurobindo Pharma finalizes acquisition of GLS Pharma, enhancing its oncology portfolio, gaining full ownership by December 2024.

Aurobindo Pharma Ltd has announced its plan to acquire the remaining 49 percent stake in GLS Pharma Ltd for Rs 22.5 crore, making GLS a wholly-owned subsidiary. This agreement, finalized on September 18, 2024, involves purchasing 5,90,361 equity shares at Rs 381.12 per share. Aurobindo initially acquired a 51 percent stake in GLS from Suresh ...

Market News

India Strengthens Defense: Major Acquisition of Combat Vehicles and Radars Approved

India Strengthens Defense: Major Acquisition of Combat Vehicles and Radars Approved

The Indian Defence Ministry has approved significant acquisitions to modernize the Army’s capabilities, including the procurement of future-ready combat vehicles (FRCVs) and air defence fire control radars. In a meeting chaired by Defence Minister Rajnath Singh, the Defence Acquisition Council cleared ten proposals totaling Rs 1,44,716 crore, with 99 percent sourced from indigenous manufacturers. The ...

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