Intel sells stake in Altera at about half the valuation it bought it for in 2015

Intel sells stake in Altera at about half the valuation it bought it for in 2015

Intel jumped Monday after announcing a deal to sell a 51% stake in its Altera unit to private equity firm Silver Lake, as CEO Lip-Bu Tan takes his first tangible step at remaking the ailing American chip giant.

According to Bloomberg, which broke…

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