April 17 - 09:04
China approves Nvidia's $6.9 billion Mellanox takeover
Nvidia's proposed $6.9 billion takeover of Mellanox has won approval from Chinese authorities. This is seen as the final step towards the completion of an acquisition first announced in March 2019. Nvidia believes Mellanox's chip technology will make it more attractive to the hyperscale cloud providers. The deal is now expected to close before the end of April after this hurdle was cleared.
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