Intel Sells Majority Stake in Altera at $8.75 Billion Valuation. The Stock Is Rising. -- Barrons.com

Dow Jones

Apr 14, 2025

By Adam Clark

Intel said Monday that it has sold a majority stake in programmable-chip unit Altera to private-equity firm Silver Lake.

The deal values Altera at $8.75 billion and Intel will retain a 49% stake in the business.

"Today's announcement reflects our commitment to sharpening our focus, lowering our expense structure and strengthening our balance sheet," said Lip-Bu Tan, chief executive officer of Intel, in a statement.

Intel acquired Altera in 2015 in an all-cash deal valued at $16.7 billion.

Intel shares were up 4.6% at $20.65 in premarket trading.

Write to Adam Clark at adam.clark@barrons.com

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

April 14, 2025 09:12 ET (13:12 GMT)

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Barron's is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 14, 2025 09:12 ET (13:12 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Intel Sells Majority Stake in Altera at $8.75 Billion Valuation. 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The Stock Is Rising. -- Barrons.com\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-04-14 21:12</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  By Adam Clark \n</p>\n<p>\n  Intel said Monday that it has sold a majority stake in programmable-chip unit Altera to private-equity firm Silver Lake. \n</p>\n<p>\n     The deal values Altera at $8.75 billion and Intel will retain a 49% stake in the business. \n</p>\n<p>\n     \"Today's announcement reflects our commitment to sharpening our focus, lowering our expense structure and strengthening our balance sheet,\" said Lip-Bu Tan, chief executive officer of Intel, in a statement. \n</p>\n<p>\n     Intel acquired Altera in 2015 in an all-cash deal valued at $16.7 billion. \n</p>\n<p>\n     Intel shares were up 4.6% at $20.65 in premarket trading. \n</p>\n<p>\n     Write to Adam Clark at adam.clark@barrons.com \n</p>\n<p>\n     This content was created by Barron's, which is operated by Dow Jones &amp; Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 14, 2025 09:12 ET (13:12 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0081259029.USD","symbol_name":"UBS (LUX) EQUITY FUND - TECH OPPORTUNITY \"P\" (USD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2527166463","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2527166463","pubTimestamp":1744636320,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Intel said Monday that it has sold a majority stake in programmable-chip unit Altera to private-equity firm Silver Lake.The deal values Altera at $8.75 billion and Intel will retain a 49% stake in the business.\"Today's announcement reflects our commitment to sharpening our focus, lowering our expense structure and strengthening our balance sheet,\" said Lip-Bu Tan, chief executive officer of Intel, in a statement.Intel acquired Altera in 2015 in an all-cash deal valued at $16.7 billion.Intel shares were up 4.6% at $20.65 in premarket trading.This content was created by Barron's, which is operated by Dow Jones & Co. 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