Private equity firm Silver Lake Management is in advanced, exclusive talks to acquire a majority stake in Intel’s (INTC) programmable chips unit Altera, people with knowledge of the matter told Bloomberg’s Liana Baker, Ryan Gould and Dinesh Nair. The private equity firm is hammering out details of an investment in Altera, whose chips are primarily deployed in telecommunications networks, the authors note. Shares of Intel are up 14.2% in afternoon trading.
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