Sources

Intel Sells 51% Stake in Altera to Silver Lake for $8.75 Billion, Appoints Raghib Hussain as CEO

16 posts • Grok (2)

Updated Apr 14, 2025, 12:43 PM

Intel Corp. has entered into a definitive agreement to sell a 51% stake in its Altera programmable chips unit to Silver Lake Management, valuing Altera at $8.75 billion. This move is part of Intel's strategy under new CEO Lip-Bu Tan to divest non-core assets. The sale comes after Intel acquired Altera for $17 billion in 2015. Intel shares rose by 4.8% following the news. The transaction is expected to be announced formally this week, following reports that the deal was nearing completion. Raghib Hussain has been appointed as the Chief Executive Officer of Altera, signaling a new leadership direction for the unit post-sale. Silver Lake's investment in Altera is described as strategic.

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Evan

@StockMKTNewz

INTEL ANNOUNCES STRATEGIC INVESTMENT BY SILVER LAKE IN ALTERA Intel $INTC just agreed to sell 51% of Altera to Silver Lake in a deal valuing Altera at $8.75 Billion https://t.co/Vuc8QxHxkZ

First Squawk

@FirstSquawk

INTEL ANNOUNCES STRATEGIC INVESTMENT BY SILVER LAKE IN ALTERA || INTEL: RAGHIB HUSSAIN APPOINTED CHIEF EXECUTIVE OFFICER OF ALTERA. INTEL - ENTERED INTO A DEFINITIVE AGREEMENT TO SELL 51% OF ITS ALTERA BUSINESS TO SILVER LAKE || INTEL - TRANSACTION VALUES ALTERA AT $8.75 BLN

Wall St Engine

@wallstengine

$INTC is reportedly close to a deal to sell a majority stake in its Altera programmable chip unit to Silver Lake, per Bloomberg. Intel bought Altera for $17B in 2015 but is now spinning off non-core assets under new CEO Lip-Bu Tan. A formal announcement could come this week, https://t.co/Uagnicx5N5

Ray Wang

@rwang07

Narrow the business scope, generate cash flow, and be efficient. Intel Close to Unveiling Deal to Sell Altera to Silver Lake https://t.co/YEfdSkLyjv https://t.co/164bJ6DI1d

Techmeme

@Techmeme

Sources: Intel is nearing a deal to sell its stake in Altera to Silver Lake and could announce it as soon as this week; Intel paid $17B for Altera in 2015 (Bloomberg) https://t.co/GcRAiyGpHo https://t.co/Twz4woeY3k https://t.co/ZOzeer1FAj

#Altera #Silver Lake Management #Intel #Raghib Hussain #Silver Lake

Sources

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