Ewal Waldman from Mellanox joins Jensen Huang on stage at GTC.
Today NVIDIA announced that it has received approval from all necessary authorities to proceed with its planned acquisition of Mellanox, as announced in March 2019.
The latest approval by China’s State Administration for Market Regulation follows antitrust approval from the European Commission and Mexico and the expiration of the waiting period under U.S. antitrust laws. With the exception of the remaining customary closing conditions, all conditions to the deal’s closing have been satisfied.
NVIDIA announced on March 11, 2019, its intention to acquire Israel-based Mellanox for $125 per share in cash, or $6.9 billion, in a transaction that would combine NVIDIA’s leading computing expertise with Mellanox’s high-performance interconnect technology. The acquisition is expected to be immediately accretive to NVIDIA’s non-GAAP gross margin, non-GAAP EPS and free cash flow.
This exciting transaction would unite two HPC industry leaders and strengthen the combined company’s ability to create data-centric system architectures for the convergence of the HPC and hyperscale markets around AI and other HPDA tasks,” said Steve Conway from Hyperion Research. “To maximize that opportunity, it’s important that the company avoid integrating too tightly around their own solutions. Our studies consistently show that buyers want systems to support a wide and growing variety of processors and other components.”
Closing is expected to occur on or about April 27, 2020.
