Intel to Sell 51% Altera Stake to Silver Lake Amid Cost Cuts
Intel is selling a 51% stake in its programmable chips unit, Altera, to Silver Lake in a deal valuing the business at $8.75 billion—about half of what Intel paid in 2015. Intel will retain a 49% stake and receive $3.4 billion in cash. The move is part of Intel’s broader plan to shed non-core assets and refocus its business. Altera will now be led by … Continue reading Intel to Sell 51% Altera Stake to Silver Lake Amid Cost Cuts
