Xilinx, a $22 billion chipmaker, has hired Barclays to advise it on a potential acquisition of Mellanox. Buying the company would give Xilinx a broader array of products to sell into the data center market.
Mellanox has hired a bank after receiving recent takeover interest from more than one company, sources say. The company, currently valued around $4 billion, makes a wide variety of hardware that is mostly used in data centers.
Stocks finished lower Thursday after the Fed meeting minutes revealed disagreement on how long the central bank should buy bonds and as investors took a pause following the previous session's sharp 'cliff' deal rally.