Intel Sells Majority Stake in Altera at $8.75 Billion Valuation. The Stock Is Rising.
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Intel has sold a majority stake in its programmable-chip unit Altera to private-equity firm Silver Lake, retaining a 49% ownership. The transaction, valued at $8.75 billion, is expected to close by early 2025 and will help strengthen Intel's balance sheet ahead of its Q1 earnings report.
April 14, 2025 | 1:30 pm
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Intel's sale of majority Altera stake to Silver Lake could improve its financial position and signal a strategic refocusing of its business portfolio.
The transaction provides immediate financial benefits through the sale, potentially improving Intel's cash position and signaling a strategic shift in asset management. The market may view this positively as a move to streamline operations and generate liquidity.
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