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Nvidia-Mellanox deal nears Chinese approval – Dealreporter

China’s State Administration for Market Regulation has finalized the paperwork for Nvidia’s (NVDA +5.3%) acquisition of Mellanox (MLNX +1.3%), according to Dealreporter sources.

The approval won’t include a “hold-separate” requirement and is now awaiting government ministers’ signatures.

Last month, Dealreporter said the approval was nearing completion but would require the companies to maintain separate R&D units for several years.

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Mellanox +8.5% on reported agreement with Chinese regulators

Update: On its fireside chat call, Nvidia says it remains confident that the Mellanox deal will close but doesn’t comment on the Dealreporter details.
Original post: Mellanox (NASDAQ:MLNX) shares gain 8.5% after Dealreporter suggests the company and Nvidia (NASDAQ:NVDA) have reached a remedies agreement with Chinese antitrust authorities.
The …

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