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Nvidia buys Mellanox for USD 6.9 bln
2019-03-11 12:13:00| Telecompaper Headlines
(Telecompaper) Nvidia has agreed to buy Mellanox for USD 125 per share in cash, translating into a total value of USD 6.9 billion. The companies together will power over 250 of the world's top 500 supercomputers, and serve just about every major cloud service provider and computer maker. Upon completion, the deal is expected to immediately add to Nvidia adjusted earnings, gross margin and free cash flow. The company added that it will also keep its capital return programme for the rest of fiscal 2020.
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