Finance
Nvidia takes EU antitrust regulators to court for probing AI startup Run:ai bid
Published by Global Banking & Finance Review®
Posted on February 24, 2025
2 min readLast updated: January 25, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on February 24, 2025
2 min readLast updated: January 25, 2026
Nvidia sues EU antitrust regulators over Run:ai deal scrutiny, claiming breach of merger powers. A favorable ruling may limit EU authority.
By Foo Yun Chee
BRUSSELS (Reuters) - U.S. chipmaker Nvidia has sued EU antitrust regulators for accepting an Italian request last year to scrutinise its acquisition of AI startup Run:ai, saying they had flouted an earlier court ruling restricting their merger powers on minor deals.
While the case does not have any impact on the Run:ai deal which was eventually approved by the EU competition watchdog in December last year, a ruling favouring Nvidia may further curb the regulator's merger power.
Businesses have been concerned in recent years with the European Commission flexing a rarely-used power called Article 22 to assess small deals even though these are below the EU's merger revenue threshold.
The EU executive says it is concerned about killer acquisitions in which big companies buy startups to shut them down, but companies criticise such moves as regulatory over-reach.
Europe's highest court, however, in a landmark ruling in September last year said the Commission cannot encourage or accept referrals of deals without a European dimension from national enforcers when the latter do not have the powers to examine such deals under their own national laws.
Nvidia cited the ruling in its lawsuit filed with the Luxembourg-based General Court, Europe's second-highest, according to a filing on the court website.
"The decision unlawfully accepted a referral request from the Italian Autorità Garante della Concorrenza (AGCM), regarding a transaction that fell below the EU Merger Regulation and member state merger control thresholds, based on the AGCM's exercise of loosely defined, ex post, discretionary call-in powers," Nvidia said.
It said regulators' decision to take up the Italian request breaches principles of institutional balance, legal certainty, proportionality and equal treatment.
The case is T-15/25 Nvidia v Commission.
(Reporting by Foo Yun Chee; Editing by Susan Fenton)
Nvidia is suing EU antitrust regulators for accepting an Italian request to scrutinize its acquisition of AI startup Run:ai, claiming they violated legal principles.
Yes, the acquisition of Run:ai was eventually approved by the EU competition watchdog in December of last year.
Article 22 allows the European Commission to assess small deals that fall below the EU's merger revenue thresholds, which has raised concerns among businesses about regulatory overreach.
Europe's highest court ruled that the Commission cannot accept referrals of deals without a European dimension from national enforcers, which Nvidia cited in its lawsuit.
Nvidia claims that the regulators' acceptance of the Italian request breached principles of institutional balance, legal certainty, proportionality, and equal treatment.
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