Nvidia outbids Intel with a record $6.9bn acquisition of network specialist Mellanox

Nvidia has concluded the biggest deal in its history: a whopping $6.9bn purchase of Mellanox Technologies. Peaking Nvidia's interest, Mellanox builds networking tech for the data centre - and business is booming. Its share price has surged nearly 150% since the beginning of 2018, recently energised by rumours of an Nvidia or Intel buyout. The deal, now reportedly finalised and to be completed by the end of 2019, would have Nvidia consolidate its position in the data centre market. Despite many attempts to become a data centre-first company in recent years with its "the more you buy, the more you save" spiel, it still milks more moolah from the gaming side of the business than the corporate computing world. You can't get rid of us that easily, Jen-Hsun. But, as always in big business, if you can’t pull yourself up by your bootstraps, use your considerable fiscal clout to buy your way in the door. First floated by anonymous sources close to the matter, the deal has been concluded with Nvidia outbidding Intel for networking darling Mellanox, currently valued at $5.93bn.

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