Get 40% Off
💰 Buffett reveals a $6.7B stake in Chubb. Copy the full portfolio for FREE with InvestingPro’s Stock Ideas toolCopy Portfolio

U.S. chipmaker Nvidia offers no concessions to EU to ease through $6.8 billion Mellanox deal

Published 12/13/2019, 09:03 AM
Updated 12/13/2019, 09:08 AM
U.S. chipmaker Nvidia offers no concessions to EU to ease through $6.8 billion Mellanox deal
INTC
-
NVDA
-
MLNX
-

By Foo Yun Chee

BRUSSELS (Reuters) - U.S. chipmaker Nvidia (O:NVDA) has not offered any concessions to EU antitrust regulators examining its $6.8 billion bid for Mellanox Technologies (O:MLNX), the European Commission website showed on Friday.

The EU competition enforcer is scheduled to decide on Nvidia's biggest-ever acquisition by Dec. 19. It is not clear if the deal will be cleared unconditionally or will face a full-scale investigation.

Nvidia, known for its powerful gaming graphics chips, declined to comment. Thursday was the last day to offer concessions, if these were required to address any EU antitrust concerns.

The company outbid rival Intel Corp (O:INTC) for Mellanox in a move aimed at boosting its data center and artificial intelligence business. Its chips connect data centers into one giant computer.

The deal has received the green light in the United States while Chinese approval is still pending.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.