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Intel is actively seeking investors to acquire a minority stake in its Altera unit, aiming for a valuation of approximately $17 billion, sources say. This move could raise billions in cash for Intel, which acquired Altera for $16.7 billion in 2015. The sale is part of a broader turnaround plan for the company. Intel has approached both private equity firms and strategic investors for the potential transaction, CNBC reports.
Intel to Sell Minority Stake in Altera for $17 Billion, Report Says. It’s Part of a Bigger Turnaround Plan. https://t.co/hgoqSY8Qnw
"Intel is looking to sell at least a minority stake in its Altera unit in a transaction that would raise several billion"🤔 "Intel is looking for a deal that values Altera at around $17 billion" "Intel purchased Altera for $16.7 billion in 2015." 😬
$INTC is actively seeking investors to acquire a minority stake in its Altera unit, aiming for a valuation of approximately $17B, according to CNBC. This move could raise billions in cash for Intel, which acquired Altera for $16.7B in 2015. Intel has approached both private… https://t.co/VwFvqhPaTS
