Intel INTCAcquisition
Intel to sell 51% of Altera to Silver Lake at an $8.75 billion enterprise value
Filed Apr 17, 2025Original
An 8-K is the report a US listed company files within four business days of a material event.
What the company reported
- On April 14, 2025, Intel agreed to sell 51% of Altera's common stock to an affiliate of Silver Lake.
- The price implies an enterprise value of $8.75 billion, with expected net cash proceeds to Intel of about $4.40 billion.
- Closing is due by August 12, 2025, automatically extendable to April 14, 2026 in set circumstances.
- Intel will keep providing wafer manufacturing services to Altera under a foundry agreement through 2040.
Items reported
- 1.01 Material agreement
- 8.01 Other events
- 9.01 Exhibits
The company's own filing, put into Korean. The numbers are the filing's.