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Silver Lake in talks to buy majority stake in Intel’s Altera unit

Silver Lake is in exclusive discussions to buy a majority stake in Intel's Altera unit, as reported by a person familiar with the matter to Reuters.
The size of the stake is still to be determined, and the discussions could be delayed, according to the source.
Intel's shares rose 16% following the news of the potential sale, but have lost more than a third of their value over the past year, according to multiple reports.
Intel is exploring options to cut costs, including selling businesses like Altera, as noted by a former CEO.

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Investopedia

Intel Could Soon Sell Majority Stake in Its Altera Programmable Chip Unit

Private equity firm Silver Lake Management is nearing a deal to buy a majority stake in Intel’s Altera programmable chips unit, according to a Bloomberg report Tuesday.

3 days ago

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Financial Times

Silver Lake in talks to buy majority stake in Intel’s Altera unit

US buyout group is the struggling tech company’s preferred buyer for its specialist chipmaker

3 days ago·London, United Kingdom

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CNBC

Silver Lake in talks for majority stake in Intel's Altera unit, source says

Buyout firm Silver Lake is in exclusive discussions to purchase a majority stake in Intel's programmable chip business, Altera, a person familiar with the matter told Reuters on Tuesday.

3 days ago·United States

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Bloomberg

Silver Lake Nears Deal for Stake in Intel’s Altera Unit

Silver Lake Management is in exclusive talks to acquire a majority stake in Intel Corp.’s programmable chips unit, people with knowledge of the matter said.

4 days ago·United States

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techpowerup.com

Intel Reportedly in Advanced Talks to Sell Altera to Silver Lake

A Bloomberg report said Silver Lake Management, a large private equity firm, has begun exclusive talks to buy a controlling stake in Intel's Altera division. Altera focuses on versatile chips that are widely used in telecommunications networks. The size of the stake is still being worked out, but negotiations have moved forward, people familiar with the deal said, speaking on condition of anonymity. They caution that things could slow down or th…

2 days ago

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altassets.net

Deal Roundup: Silver Lake said to enter $9bn talks for Intel's Altera, Shore Capital buys into TCG Services

Tech investor Silver Lake is reportedly in exclusive talks to buy a majority stake in Intel's programmable chip business, Altera in a deal which could value it at about $9bn. The post Deal Roundup: Silver Lake said to enter $9bn talks for Intel’s Altera, Shore Capital buys into TCG Services appeared first on AltAssets Private Equity News.

3 days ago

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