Microsoft to Possibly Acquire nVidia By Power of Agreement?
If you thought that the Microsoft acquiring Nokia mobile unit rumor was the mother of all rumors, you might want to reconsider as it looks like Microsoft is taking things really seriously — or at least the rumors around Redmond are piling up.
Microsoft reportedly has an agreement in place with nVidia which would enable Redmond to acquire the graphics and mobile processor manufacturer. According to InformationWeek, “the deal gives Microsoft the exclusive right to match any offer for 30% or more of nVidia’s outstanding shares by a third-party, according to an SEC filing”.
“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,” says the nVidia filing dated May 27. For further details follow the source link.
While Microsoft officials declined to comment, an acquisition of nVidia would give a whole new sense to Windows Phones and, needless to say, if Microsoft acquires Nokia’s mobile unit as rumors, it will have Windows Phone 7, Nokia, nVidia and Skype. Who could stop it?