Microsoft pact with Nvidia could result in future takeover

[Jaskanwar Singh]

Microsoft pact with Nvidia could result in future takeover - Yahoo! News

Computer giant Microsoft has a deal in place with graphics and mobile processor manufacturer Nvidia that gives the Redmond-based company the exclusive right to equal any offers by third-parties for 30 percent or more of Nvidia’s outstanding shares. The deal effectively prevents any other company besides Microsoft from acquiring Nvidia.
In a Securities and Exchange Commission filing dated May 27 and reviewed by Information Week, Nvidia says, “Under the agreement, if an individual or corporation makes an offer to purchase shares equal to or greater than 30% of the outstanding shares of our common stock, Microsoft may have first and last rights of refusal to purchase the stock.”

Microsoft Sets Up Acquisition Deal With Nvidia

 

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