Mellanox Technologies

Nvidia nears deal for Israeli data centre chipmaker Mellanox

(Mar 12): US chip supplier Nvidia Corp has agreed to buy Israeli chip designer Mellanox Technologies for US$6.8 billion ($9.2 billion), beating rival Intel Corp in a deal that would help the firm boost its data centre and artificial intelligence business.

The all-cash offer of US$125 per share represents a premium of 14% to Mellanox’s closing price on Friday. Mellanox shares rose 8.2% to US$118.35 and Nvidia shares gained 7% to US$161.23 on Monday.

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