Eventually, the list was narrowed down to three serious bidders: Nvidia, Intel, and Xilinx, which made chips primarily for industrial uses. The three potential buyers got into a multi-month bidding war, with Intel and Xilinx topping out around a bid of $122.50 a share. Nvidia went just a little bit higher, at $125 per share. It won the bidding war on March 7, 2019, for an all-cash offer of $6.9 billion.
Days later, Nvidia and Mellanox made the deal public and held a conference call with analysts and investors.