Invida is close to acquiring Mellanox Technologies

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      NVDA.O is close to a deal to buy Mellanox Technologies Ltd (MLNX.O) for more than $7 billion in cash, a person familiar with the matter said Sunday.
The deal will be the largest acquisition ever made by Nvidia, which will boost its data center chip production business and reduce its dependence on the video game industry. Invida is the main technology supplier in the game industry.
Invida overtook Intel Corp. (INTC.O) in the bid and may announce a deal as early as Monday, the person said. As the negotiations were confidential, the source asked for anonymity.
Intel and Molanox did not respond to requests for comment for the time being. Invida declined to comment. Calcalist, a financial information website, reported earlier Sunday that Invidia's offer for Mellanox was higher than Intel's.
Mellanox chips can support high-speed networks connecting servers. By Friday's close, the company had a market capitalization of about $5.9 billion.


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