4 ms·
Not an acquisition deal as in "signing the contract this week" like with Skype but rather a deal for the opportunity to match an offer in the event that another
by terrellm 15y ago
Not an acquisition deal as in "signing the contract this week" like with Skype but rather a deal for the opportunity to match an offer in the event that another company wants to acquire Nvidia.
From the article:
The deal gives Microsoft the exclusive right to match any offer for 30% or more of Nvidia's outstanding shares by a third-party." The agreement appears to be over 10 years old, dating back to the time of the contract for the GPU of the original X-Box.
- Jach 15y agoSo the "exclusive right" in this case is that Nvidia has to notify MS of any offers and their amount?
- ansy 15y agoYes and no. Microsoft's right is Nvidia must sell to Microsoft or nobody if Microsoft matches a competing bid for 30% or more of nVidia. A side effect of that is that nVidia has to inform Microsoft of any deals of that size. This doesn't really do anything other than keep nVidia out of the hands of a competitor. It doesn't sound like this contract really helps if Microsoft wanted to buy nVidia without other buyers involved.