Intel, Altera
Intel to Sell Minority Stake in Altera for $17 Billion, Report Says. It’s Part of a Bigger Turnaround Plan.
Intel is looking to sell at least a minority stake in its Altera unit that would value the business at around $17 billion, according to a report.
Intel Stock Rises on Report That It Might Sell a Stake in Its Altera Business
Key Takeaways Intel is reportedly seeking investors to take a minority stake in its Altera programmable chipmaking division.CNBC said Intel is seeking a valuation of about $17 billion for Altera stake.
Intel reportedly seeking to sell minority stake in Altera at $17B valuation
The company is said to have reached out to several potential buyers, including private equity firms, since the start of the week. Intel reportedly hopes to sell a minority stake in Altera for several billion dollars. The deal would value the business at around $17 billion, or about what the chipmaker spent to buy it in 2015.
Intel Considers Selling Minority Stake In Altera Amid Financial Struggles: Report
Intel is reportedly targeting a valuation of $17 billion for Altera, a slight increase from the $16.7 billion it paid for the company nine years ago.
Intel Seeks Billions For Minority Investment In Altera
Intel is considering selling at least a minority stake in its Altera unit in order to generate several billion dollars in cash for the struggling chipmaker. TakeAway Points: Intel is searching for an investor who would purchase at least a minority stake in its Altera subsidiary,
Intel Pursues Minority Investors for Altera Unit, Valued at $17 Billion, Amid Restructuring Efforts
Intel aims to raise billions for its Altera chip unit, exploring minority investments while maintaining majority ownership
Intel (NASDAQ:INTC) May Sell Its Altera Stake for Billions
Back on September 12, Sandra Rivera, CEO of Altera, noted that any idea that chip stock Intel ($INTC) might sell its stake in Altera was “…not
Intel is seeking an investor for its chip unit as it struggles to keep up in the AI race: report
Intel is facing challenges in its business at a time when the US is seeking to revitalize its chip industry. Tech giant Intel ...
Intel does another U-turn, looking to sell a part of its chip subsidiary that it called ‘core part of its future’
Intel considers selling a minority stake in its programmable chip unit, Altera, valuing it at $17 billion amidst severe ...
Intel is increasingly looking for buyers for Altera
Until now, Intel wanted to keep its FPGA division, but now it is reportedly to be sold off, even partially if necessary.
Watch These Intel Price Levels as Deal Rumors Continue to Swirl
Intel shares could appear on watchlists Friday after CNBC reported late Thursday that the embattled chipmaker is considering selling at least a minority stake in its Altera programmable chip unit.
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Intel is seeking an investor for a stake in its Altera chip unit, CNBC reports
Intel is looking for an investor to acquire a stake in its Altera subsidiary, CNBC reported. The US tech giant is seeking a deal that values the programmable chip unit at around $17 billion.