Intel announced on Monday that it will sell a 51% stake in its programmable chip division, Altera, to private equity firm Silver Lake, assigning the unit a valuation of $8.75 billion. The deal marks a strategic move by Intel to unlock value from its chip portfolio while retaining a minority interest.
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Intel to sell 51% stake in Altera to Silver Lake
Intel announced on Monday that it will sell a 51% stake in its programmable chip division, Altera, to private equity firm Silver Lake, assigning the unit a valuation of $8.75 billion. The deal marks a strategic move by Intel to unlock value from its chip portfolio while retaining a minority interest.
Source link
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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