Summary
NVIDIA Corporation (NVDA) has officially completed its acquisition of Mellanox Technologies, Ltd. for approximately $7.0 billion. This significant transaction, announced on March 10, 2019, closed on April 27, 2020. Mellanox shareholders will receive $125.00 in cash per share, excluding shares held by Mellanox or its subsidiaries, or held in treasury. This acquisition is expected to bolster NVIDIA's position in high-performance computing and data center interconnects. While this 8-K filing confirms the completion of the acquisition, it notes that the detailed financial statements of the acquired business and pro forma financial information will be provided in a subsequent amendment to this filing within 71 calendar days. Investors should monitor for these future filings to fully assess the financial impact of the Mellanox acquisition on NVIDIA's balance sheet and future earnings.
Key Highlights
- 1NVIDIA has completed the acquisition of Mellanox Technologies, Ltd. for approximately $7.0 billion.
- 2The transaction closed on April 27, 2020, as per the filing.
- 3Mellanox shareholders are set to receive $125.00 in cash per share.
- 4The acquisition was originally announced on March 10, 2019.
- 5Key financial statements and pro forma information related to the acquisition will be filed later via amendment.
- 6This filing serves as official notification of the asset acquisition's completion.