Intel Stock Rises on Report That It Might Sell a Stake in Its Altera Business

Key TakeawaysIntel is reportedly seeking investors to take a minority stake in its Altera programmable chipmaking division.CNBC said Intel is seeking a valuation of about $17 billion for Altera stake.Intel bought Altera in 2015. It launched it as a standalone company in February with plans to eventually seek an IPO. Intel (INTC) shares rose Friday, lifted by indications that it is looking for a big outside investment in its Altera programmable chipmaking unit. CNBC late Thursday reported that the company is ...