NVIDIA Receives Approval to Proceed with Mellanox Acquisition from China’s Antitrust Authority
16 Abril 2020 - 1:08PM
NVIDIA today 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.
Closing is expected to occur on or about April 27, 2020.
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next era of computing — with the GPU acting as the brain of
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For
further information, contact: |
|
Simona Jankowski Investor Relations NVIDIA Corporation
sjankowski@nvidia.com |
Robert SherbinCorporate CommunicationsNVIDIA
Corporationrsherbin@nvidia.com |
Certain statements in this press release including, but not
limited to, statements as to: the consummation of the acquisition
of Mellanox and expectations for the combined company are
forward-looking statements that are subject to risks and
uncertainties that could cause results to be materially different
than expectations. Important factors that could cause actual
results to differ materially include: our ability to satisfy the
remaining conditions of and complete Mellanox acquisition; our
ability to successfully integrate Mellanox’s business, operate the
combined company and achieve the anticipated benefits of the
transaction; global economic conditions; our reliance on third
parties to manufacture, assemble, package and test our products;
the impact of technological development and competition;
development of new products and technologies or enhancements to our
existing product and technologies; market acceptance of our
products or our partners' products; design, manufacturing or
software defects; changes in consumer preferences or demands;
changes in industry standards and interfaces; unexpected loss of
performance of our products or technologies when integrated into
systems; as well as other factors detailed from time to time in the
most recent reports NVIDIA files with the Securities and Exchange
Commission, or SEC, including, but not limited to, its annual
report on Form 10-K and quarterly reports on Form 10-Q. Copies of
reports filed with the SEC are posted on the company's website and
are available from NVIDIA without charge. These forward-looking
statements are not guarantees of future performance and speak only
as of the date hereof, and, except as required by law, NVIDIA
disclaims any obligation to update these forward-looking statements
to reflect future events or circumstances.
© 2020 NVIDIA Corporation. All rights reserved. NVIDIA and the
NVIDIA logo are trademarks and/or registered trademarks of NVIDIA
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product names may be trademarks of the respective companies with
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specifications are subject to change without notice.
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