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Technology Stocks : Mellanox Technologies, Ltd.

MLNX 124.89

0.0%

Apr 27 4:00 PM EDT

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From: Jim Mullens	3/11/2019 12:00:18 AM
	2 Recommendations Recommended By PaulAquino The Ox of 954

Nvidia outbids Intel for Mellanox purchase - reports...…………………………………... https://seekingalpha.com/news/3441328-nvidia-outbids-intel-mellanox-purchase-reports#email_link Nvidia outbids Intel for Mellanox purchase - reports Mar. 10, 2019 9:40 PM ET\|About: Mellanox Technologies, Ltd. (MLNX)\|By: Brandy Betz, SA News Editor Nvidia (NASDAQ: NVDA) is nearing a deal to acquire Mellanox (NASDAQ: MLNX) for more than $7B, according to Bloomberg and CNBC sources. The sale could be announced as soon as tomorrow and Nvidia is the leading bidder of a pack that also includes Intel (NASDAQ: INTC). Mellanox has a market value of about $5.9B. Why Nvidia? Mellanox chips power high-speed networks connecting servers and would help Nvidia boost its chipmaking for data centers at a financially vulnerable time thanks to China weakness and the cryptocurrency mining bubble burst. Also benefitting: Activist investor Starboard Value, which is a Mellanox shareholder and last year reached a board member agreement with the company.

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