Intel is reportedly considering selling a minority stake in its subsidiary, Altera, and has initiated the process to attract potential buyers. Key investment firms like Silver Lake and Bain Capital are showing interest in the bidding process.
Sources reveal that Intel may receive initial bids from potential buyers in the coming weeks. Francisco Partners is also speculated to be among the interested parties. The exact percentage of Altera shares that Intel plans to sell is currently unknown, but the deal is anticipated to be valued in the billions.
Representatives from Intel, Silver Lake, and Bain Capital have declined to comment on the situation, and Francisco Partners has not yet responded to requests for remarks.
