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Home›Global Markets›North America›Lawsuit challenges Groq licensing deal with Nvidia ove…

Lawsuit challenges Groq licensing deal with Nvidia over stockholder price

Reported · Written up by our desk · North America

A lawsuit filed over a Groq licensing deal with Nvidia alleges that the transaction shortchanged Groq stockholders by valuing their shares too low, according to CNBC World.

The complaint characterizes the licensing arrangement as having squeezed out investors by offering what it calls a lowball price.

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Sources

CNBC WorldNvidia's $20 billion Groq deal faces lawsuit alleging startup's stockholders were shortchanged

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