Maybe at small scales, but at larger scales, absolutely not. Among big strategically important companies, the barrier to acquisitions is not money, but regulatory approval, and I think there's no way regulators around the world will allow Nvidia to buy Intel.
Is there an example of a company which could have gotten a new lease of life after acquition was denied a regulatory approval and then the company failed?
Intel is not on the brink of bankruptcy, though. Unless things change drastically Nvidia would have a much harder time trying to buy them than they did with ARM.