Tuesday, February 23, 2016

EZchip Goes To Mellanox Technologies

Sunnyvale-based EZchip is now officially part of Mellanox, the two said this morning, after the acquisition of EZchip by Meallnox completed. The deal was worth approximately $811M, or approximately $606M net of cash. The deal was first announced in October. The two said that EZchip will cease to trade on both the NASDAQ and Tel-Aviv Stock Exchanges. EZchip is a developer of semiconductors used for the data center market. Mellanox was advised by J.P. Morgan Securities LLC in the deal, with legal advice from Herzog Fox & Neeman and Latham & Watkins LLP.