Silver Lake Nears $9 Billion Deal for Majority Stake in Intel's Altera Unit, Originally Acquired for $17 Billion

Silver Lake Management is reportedly in exclusive negotiations to acquire a majority stake in Intel's Altera unit, which specializes in programmable chips. The deal is expected to value Altera at approximately $9 billion. Intel originally purchased Altera in 2015 for $17 billion. The potential acquisition comes amid speculation regarding Intel's restructuring efforts and the company's stock price, which has seen an uptick due to these buyout discussions. Broadcom's recent acquisition strategies have also been noted in the context of Intel's market positioning, as it seeks to compete with Nvidia, which is currently valued significantly higher than Intel.