Reported 21 days ago
Buyout firms Silver Lake and Bain Capital are preparing to bid for a minority stake in Intel's programmable chips unit, Altera, which Intel acquired for nearly $17 billion in 2015. Intel has begun efforts to sell a portion of Altera, anticipating initial bids in the coming weeks. Other interested parties, like Francisco Partners, may join the bidding process. The sale aims to strengthen Intel's finances amid struggles in the competitive chip market, with Altera's recent revenue growth underlining its potential value.
Source: YAHOO