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Groq-Nvidia $20B deal faces suit alleging stockholders were shortchanged: report
Seeking Alpha ·
Seeking Alpha reports: Nvidia’s $20B deal with AI chip startup Groq is facing a lawsuit from two former Groq engineers who allege the transaction gave shareholders less value than they deserved.Joshua Rubin and Benjamin Serebrin, who left Groq before the deal was announced but continued to own shares in the company, filed the lawsuit Oct. 2 in Delaware’s Court of Chancery, according to CNBC. The lawsuit alleges that Groq’s board sold the company’s technology to Nvidia at a “lowball” price…