Intel to Sell 51% Stake in Altera Business: Will it Benefit the Stock?

Intel Corporation (INTC) recently announced that it has entered into a definitive agreement to sell a 51% ownership stake in Altera business to Silver Lake, a prominent global technology investment firm. The deal, which values Altera at $8.75 billion, marks a significant strategic move for Intel, establishing Altera as an independent entity and the largest pure-play FPGA (field-programmable gate array) semiconductor solutions provider. Intel will continue to hold the remaining 49% ownership stake in Altera ...