Two People Familiar With Matter Say DOJ Asked About Nvidia’s Hugging Face Deal
Photo: TokenPost
Two people familiar with the matter said U.S. Department of Justice (DOJ) officials asked how Nvidia’s planned acquisition of Hugging Face could affect competition in artificial intelligence. The people also said officials asked whether the acquisition could give Nvidia control over a key AI distribution point. Hugging Face is an AI platform. Nvidia entered a definitive agreement to acquire the company. About $11.9 billion is payable to Hugging Face stockholders, with an equity retention program capped at $1 billion. The transaction is valued at $12.93 billion. Closing is expected in the first half of 2027, subject to required approvals.
Source: TokenPost
