Speculations Abound: Silver Lake Fund Negotiates Acquisition of Altera Shares from Intel

Today’s Bloomberg reports that investment firm Silver Lake Management is in negotiations to become a major shareholder in Altera, Intel’s FPGA chip business. Intel acquired Altera back in 2015, and the sale of shares in this business is aimed at boosting the company’s cash flow. Several interested parties have been in talks with Intel, with the deal’s value remains undisclosed by Silver Lake. Both Intel and Silver Lake have declined to comment on these rumors.

TLDR: Silver Lake Management is in talks to become a major shareholder in Intel’s Altera business, with the deal’s details yet to be finalized.