Intel to divest 51% stake in Altera for .46 billion to Silver Lake amid cost cuts, stock down 17% in one month | Stock Market News
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Intel to divest 51% stake in Altera for $4.46 billion to Silver Lake amid cost cuts, stock down 17% in one month | Stock Market News

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Intel has agreed to sell a 51% stake in its Altera programmable chip business to buyout firm Silver Lake for $4.46 billion, in the first major move under new CEO Lip-Bu Tan to revive the struggling American chipmaker. 

The deal, announced on…

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https://www.livemint.com/market/stock-market-news/intel-to-divest-51-stake-in-altera-for-4-46-billion-to-silver-lake-amid-cost-cuts-stock-down-17-in-one-month-11744646599514.html

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