Nvidia-Mellanox Deal Cleared by Chinese Antitrust Regulators
17 4월 2020 - 4:26AM
Dow Jones News
By Kimberly Chin
Nvidia Corp. has been given the green light by China's antitrust
authority for its proposed acquisition of Mellanox Technologies
Ltd. clearing the path for the deal to be completed this year.
In addition to China's regulatory approval for the deal, the
company has received clearances from regulators of the European
Commission and Mexico. This also follows the expiration of the
waiting period under U.S. antitrust laws, Nvidia said Thursday.
Nvidia agreed to acquire Mellanox, a maker and supplier of
Ethernet switches and adapters that connect computers to each
other, last year for $125 a share in cash, placing the
transaction's value at about $6.9 billion.
Shares of Nvidia rose 4.7% at $294.05 and Mellanox's shares
notched up 1.8% to $124.61.
The deal is expected to close around April 27.
Write to Kimberly Chin at kimberly.chin@wsj.com
(END) Dow Jones Newswires
April 16, 2020 15:11 ET (19:11 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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