By Denny Jacob
--Intel is nearing an agreement to sell a stake in Altera, its programmable chips unit, to Silver Lake Management, says Bloomberg, citing people familiar with the matter.
--Intel may announce a deal to sell Altera to the private equity firm as soon as this week, according to the report.
--The semiconductor company agreed in 2015 to pay roughly $17 billion for Altera, according to Bloomberg.
--Representatives for Intel and Silver Lake didn't immediately respond to requests for comment, according to the report.
Full story at https://www.bloomberg.com/news/articles/2025-04-14/intel-intc-said-close-to-unveiling-deal-to-sell-altera-to-silver-lake?srnd=homepage-americas
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
April 14, 2025 06:28 ET (10:28 GMT)
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