Nvidia recently said that the acquisition of Mellanox announced in March 2019 has been approved by all necessary agencies and will continue as planned.
After obtaining the antitrust approval of the European Commission and Mexico earlier, and the expiration of the waiting period stipulated by the US antitrust law, the State Administration of Market Supervision and Administration of China has also approved the Nvidia acquisition plan recently.
Except for the rest of the normal transaction conditions, all the conditions for transaction completion have been met.
Nvidia announced on March 11, 2019 that it plans to acquire the Israeli-based Mellanox at a cash price of US $125 (US $6.9 billion) per share.
The transaction combines Nvidia's leading computing expertise with Mellanox's high-performance interconnect technology.
After the acquisition is completed, it is expected to immediately increase its non-GAAP gross profit margin and earnings per share, as well as free cash flow.
The transaction is expected to be completed around April 27, 2020.
