Intel reportedly seeks to sell a minority stake in its Altera unit, aiming to raise billions in cash as the company struggles with market share losses and stock declines. Intel is looking for a deal that values Altera at around $17 billion, close to the $16.7 billion it paid in 2015. The move would accelerate previous plans to monetize Altera, which included a potential IPO by 2026. Qualcomm has expressed interest in acquiring Intel, a potential deal facing regulatory challenges. Intel shares are down 50% this year, losing ground to Nvidia and AMD.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Intel reportedly seeks to sell a minority stake in its Altera unit,
00:05aiming to raise billions in cash as the company struggles with market share losses and stock
00:10declines. Intel is looking for a deal that values Altera at around $17 billion,
00:14close to the $16.7 billion it paid in 2015. The move would accelerate previous plans to
00:21monetize Altera, which included a potential IPO by 2026. Qualcomm has expressed interest in
00:27acquiring Intel, a potential deal facing regulatory challenges.
00:31Intel shares are down 50% this year, losing ground to Nvidia and AMD.
00:36For all things money, visit Benzinga.com slash GSTV.