Nvidia acquires Mellanox for $6.9B

Mar. 11, 2019 7:25 AM ETNVIDIA Corporation (NVDA), MLNXBy: Brandy Betz, SA News Editor128 Comments

Nvidia (NASDAQ:NVDA) will acquire Mellanox (NASDAQ:MLNX) for $125 per share in cash, a total enterprise value of about $6.9B. The company expects the deal to close by the end of 2019.
Once the deal closes, Nvidia expects the purchase to be immediately accretive to its non-GAAP gross margin, EPS, and FCF.
NVDA is down 1.1% pre-market and MLNX gains 8.8%.
Previously: Nvidia outbids Intel for Mellanox purchase - reports (March 10)

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