Last month, Altera’s CEO had to explain to the public that parent company Intel had no intention of selling it outright and was still looking to raise funds through the FPGA developer’s IPO. According to some reports, Intel is no longer opposed to the idea of selling a large stake in Altera, not to mention a small one.
At least this is reported by sources familiar with the progress of Intel’s negotiations with potential investors, cited by CNBC. The parent company estimates Altera’s capitalization at $17 billion, which roughly covers the costs incurred in 2015 to purchase the company for $16.7 billion. By selling at least a minority stake in Altera at this price, Intel could gain several billion US dollars. which she would use to solve her worsening financial problems.
Intel has already approached both institutional and potential strategic investors with relevant proposals, according to CNBC. In conversations with some of them, Intel representatives allegedly made it clear that the company had no objection to the sale of a majority stake in Altera. As recently as last month, Intel CEO Patrick Gelsinger continued to insist that Altera should remain part of Intel and that the core business was important to the future of the parent corporation. Intel expected to bring its subsidiary to an IPO by 2026, but it urgently needs money now, so it may change priorities related to ideas for monetizing Altera.
Camera manufacturers have started adding features to their entry-level models that help you take great…
The Korea Institute of Ocean Science and Technology (KIOST) recently announced the signing of a…
MSI boasted of overclocking the AMD Ryzen 7 9800X3D processor to 7.2 GHz. Asus previously…
The new king of gaming processors has arrived - global sales of the AMD Ryzen…
Microsoft appears to have abandoned the idea of charging Microsoft 365 Personal and Home subscribers…
On the eve of the fifth anniversary, the courier action game Death Stranding from the…