Paid 15 billion in 2015. Inflation alone should be worth 25 billion now worth under 7 billion. What happened with alterra? All value getting wrecked
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Corporate Invaders Raiders Traders !
Call him Mr. Raider call him Mr. Wrong
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Call him Mr. Raider call him Mr. Wrong
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They were already falling behind Xilinx by 2012, when Altera signed on for 10nm manufacturing through Intel Custom Foundry Services. That was their moonshot.
You are mistaken. Know that this is simply an outline of a framework of a plan to make a deal involving some indeterminate percentage of Alterra. You simply do not seem to comprehend how complicated deals are made these days. In the end, this will be a deal like no other - a deal like nobody has ever seen before.
Par for the course, any company that intel buys will be ruined and sold off at a fraction of the purchase price. intel acquisition equals kiss of death.
They bought Altera to ki-l it.
That was Chipzilla's BKM all they way up until they ran out of money.
communistic style management buy high sell low losses for the shareholders
People like Sandra and Shannon escaped long ago with their bags of money..
Hopefully Sandra is able to get a total makeover of her wretched face.. and of course purchase a much larger llama farm!!
Are there any success?
OP's title is wrong. They sold 51%, not 49%, so Intel are no longer in charge. Who the he-l would spend 3.3 billion and then watch Intel continue running it into the ground?
This is a smart move. They're betting that the new owners will unfu-k Altera, then they can sell the remaining stake for a higher value.
This is the Intel model of business acquisition, buy high sell low.
The senior managers responsible for this fiasco all got paid extremely well to make good business decisions. No accountability once you get into higher management, just gravy train.
That's 3.3 billion more than i would pay for that dated cr-p
Damn it's almost like Intel isnt capable of making smart financial decisions. Imagine that.