NVIDIA's Mellanox Acquistion Finally Gets OK'd by Chinese Regulators [The Motley Fool]
MELLANOX TECHNOLOGIES (MLNX)
Last mellanox technologies earnings: 4/23 04:05 pm
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Source: The Motley Fool
It took a year and a month, butNVIDIA(NASDAQ:NVDAMellanox TechnologiesNASDAQ:MLNXChinese regulatorsThe company expects the deal to close by April 7, and Mellanox shareholders will finally receive their $ per share cash-out.It's good news for NVIDIA shareholders too. Though a lot has changed in the world since March 09, the data center end market and thecloud computing servicesImage source: Getty Images.What NVIDIA is actually buyingIn the months since NVIDIA originally pinned a $6.9 billion price tag on the Israel-based network switching and interconnectivity hardware maker, Mellanox continued to operate independently. And it has done quite well.Over that time, Mellanox has grown the top and bottom lines by double digits: Revenue increased % in 09 to $. billion, and adjusted net income grew 8% to $9 million. And in March, it purchased privately-held Titan IC for an undisclosed (which typically means small) sum, adding that company's network hardware accelerator platform to its portfo
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