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

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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."

 

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