Intel (INTC) received $3.4B in cash from Silver Lake Management as part of its deal to sell a 51% stake in its Altera unit, Liana Baker, Jane Lanhee Lee and Dinesh Nair of Bloomberg report, citing people familiar with the matter.
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Read More on INTC:
- Stifel positive on Intel’s Altera stake sale, sees more focus on core business
- Silver Lake pays $3.4B cash for Intel’s Altera stake, Bloomberg says
- Intel price target lowered to $22 from $23 at UBS
- Intel to sell 51% of Altera business to Silver Lake, values Altera at $8.75B
- Intel near deal to sell Altera to Silver Lake, Bloomberg reports
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