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Intel aims to net billions in Altera stake sale, targeting $17 billion valuation
05.11.24
|
Reuters
Buyout firms Silver Lake, Bain Capital and Francisco Partners are among the potential suitors that are likely to compete to acquire a minority stake in Altera. "We remain focused on selling a stake in Altera on a path to its IPO in the coming years. To that end, we have begun discussions with potential investors and expect to conclude in early 2025," said Intel CEO Pat Gelsinger.
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