Intel to sell Altera's 51% stake, valuing the unit at $8.75 bn
Intel on Monday announced it has entered into a definitive agreement to sell 51% of its Altera business to Silver Lake, valuing the programmable chip unit at $8.75 billion. Intel will own the remaining 49% of Altera's business, enabling it to focus on its core business. The transaction will likely close in 2025's second half, subject to customary closing conditions.