There have been a number of stories over the lengthy weekend suggesting that Intel might be break up up and offered off. That has recent traction with a report from Bloomberg that Silver Lake is close to a deal for a stake in Intel’s Altera.
Intel purchased Altera in an all-cash deal in 2015 price $16.7 billion. At present, Intel’s market cap is $115 billion however that comes after a 40% rally prior to now week on breakup hypothesis.
Silver Lake is a Silicon Valley non-public fairness agency that has made landmark offers on Dell, Skype, Alibaba, Broadcom and NXP Semiconductors so it is aware of the area. None of this can be a massive shock as reports in January mentioned Silver Lake was within the working.
In any case, INTC is up 13% right this moment and edged additional larger after the most recent report.
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