Summary
NVIDIA Corporation (NVDA) announced a significant regulatory milestone in its proposed acquisition of Mellanox Technologies, Ltd. The Anti-Monopoly Bureau of the State Administration for Market Regulation of the People’s Republic of China has granted approval for the deal. This is a crucial step towards the finalization of the acquisition, which has now received antitrust clearance from major global bodies including the European Commission, Mexico, and China. The acquisition is expected to close on or around April 27, 2020, contingent upon the satisfaction of all remaining customary closing conditions. This development signifies NVIDIA's progress in integrating Mellanox's high-performance networking solutions, which are expected to enhance NVIDIA's data center offerings and accelerate its strategy in AI and high-performance computing.
Key Highlights
- 1NVIDIA's acquisition of Mellanox has received antitrust approval from China's State Administration for Market Regulation.
- 2This approval from China is a key regulatory clearance, alongside previous approvals from the European Commission and Mexico.
- 3The Hart-Scott-Rodino waiting period expired in May 2019, indicating no significant U.S. antitrust concerns.
- 4The transaction is anticipated to close on or about April 27, 2020.
- 5The closing remains subject to all remaining customary closing conditions.
- 6The acquisition is expected to bolster NVIDIA's data center and AI capabilities.