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Intel to sell 51% stake in Altera to Silver Lake [Yahoo! Finance Canada]
Last intel corporation earnings: 4/23 04:07 pm
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US:NASDAQ Investor Relations: intc.com/investor-relations/default.aspx
Since last year, Intel has taken steps to spin Altera out as a separate unit and said it planned to sell a portion of its stake. Intel bought Altera for nearly $17 billion in 2015, when then CEO Brian Krzanich was focused on diversify beyond the company's mainstay PC chip business. Shares of Intel were up 3.9% in premarket trading. (Reporting by Zaheer Kachwala in Bengaluru; Editing by Arun Koyyur) Recommended Stories
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