Xilinx in Talks to Acquire Mellanox, Report Says
The San Jose-headquartered semiconductor manufacturer has hired Barclays to advise on its Mellanox bid, CNBC reported Wednesday
09:0108.11.18
San Jose-headquartered semiconductor manufacturing company Xilink Inc. has hired Barclays as an advisor on a bid to acquire Nasdaq-listed Israeli chipmaker Mellanox Technologies Ltd., CNBC reported Wednesday.
Eyal Waldman. Photo: Omer Moshe
For daily updates, subscribe to our newsletter by clicking here.
The talks are still in early stages and may not pan out, but if successful the deal is expected to be announced in December, CNBC said, citing people familiar with the matter. The news agency reported in October that Mellanox has contracted a financial adviser to consider its sale in response to takeover interest.
Eyal Waldman. Photo: Omer Moshe
Both Xilinx and Barclays declined to comment, CNBC reported.
Related stories:
- Mellanox Considers Sale, Says CNBC Report
- Mellanox Reports Fifth Quarter of Record Revenues
- Apple Hops on LGBT Support Wagon in Israel
Mellanox, headquartered in Israel's northern city Yokne'am Illit, develops and manufactures chips for communication networks in data centers. The company employs around 2,700 people, 1,800 of them in Israel. It reported revenues of $279.2 million for the third quarter of 2018, a 23.7% increase year-over-year.
In June, Mellanox settled a boardroom control struggle with activist investor Starboard Value LP, which acquired a 10.7% stake in November 2017 and immediately launched a campaign against the company’s management, pushing for extensive operational and administrative changes.
