Nvidia outbids Intel to buy Israel's Mellanox in data center push

By Sayanti Chakraborty on Mar 12, 2019 7:02AM

US$6.8 billion bid seals transaction.

US chipmaker Nvidia Corp said on Monday it will buy Israeli chip designer Mellanox Technologies Ltd for US$6.8 billion, beating rival Intel Corp in a deal that would help the company boost its data center business. The all-cash offer of US$125 per share represents a premium of 14 percent to ...

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