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)

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