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Nvidia Acquires Silicon Valley Headquarters for $374M
Chipmaker Nvidia, now valued at $2.3 trillion, has acquired the majority of its Santa Clara headquarters for $374 million. The San Francisco Standard first reported the acquisition Thursday.
Nvidia acquired the eight-building property from its former landlord, Los Angeles-based Preylock Holdings, according to published reports. Preylock in turn paid $240 million to acquire the campus from San Francisco-based DivcoWest in 2017, and earlier this year quietly auctioned the properties for sale after receiving an unsolicited bid from a foreign buyer.
The deal puts Nvidia among high-tech peers Apple and Google in owning, rather than leasing, its headquarters. It also comes with the possession of roughly two million square feet of future development rights, the Standard reported.
The chipmaker, which has occupied the campus since 1998, is the sole tenant.
- ◦Sale/Acquisition
