7 companies looked at buying semiconductor firm Mellanox. Here's how Nvidia won the $6.9 billion deal.

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 51%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

JPMorgan and Credit Suisse led a competitive bidding war for Israeli semiconductor company Mellanox, new company filings reveal.

During that 11-month period, seven different publicly traded technology companies took a look at the company. Through a long and competitive negotiation process, Mellanox and its bankers at Credit Suisse and JPMorgan transformed an early bid of $102 per share into its final sales prices of $125 per share, growing the deal's value by $1.3 billion.The names of the seven interested parties weren't revealed in the filing — but there are a few clues.took a look at the company.

Xilinx made its first offer of $102 per share in late September, but Waldman and the board thought it was too low. At that price, Mellanox would have been worth around $5.6 billion. Weeks passed and the bidders raised their offers. At the end of January, the board decided not to move forward with the company referred to in the proxy as"Party D."

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 729. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Apple reportedly looked at buying Intel's 5G business, showing openness to big dealsApple's biggest historical acquisition was Beats Electronics and Beats Music for $2.6 billion. Why not just team up with Microsoft?
La source: CNBC - 🏆 12. / 72 Lire la suite »

Tobacco company Philip Morris starts life insurance firm that offers discounts to smokers who quitPhilip Morris International, the tobacco company that sells Marlboro cigarettes around the world, is getting into the life insurance business. They sold death for many years and with that money they funded a health insurance company... They are now receiving money from one end or the other. AnandWrites Isn't a bit to late
La source: CNBC - 🏆 12. / 72 Lire la suite »

Licensing Company Authentic Brands in Talks to Buy Sports Illustrated for About $110 MillionLicensing company Authentic Brands Group has emerged as a leading contender to buy Sports Illustrated from Meredith. Good Investment. damn! it sucks when you don't have the $$ to instantly buy it. I am imagining wonderful things with such magazine. There’s nothing authentic besides the bullshit of any newsbrand. Why? Is destruction of shareholder value now part of Authentic Brands corporate strategy? Just wait a year for the price to plummet further.
La source: WSJ - 🏆 98. / 63 Lire la suite »