Intel to sell 51% stake in Altera to Silver Lake at $8.75B valuation

“The transaction values Altera at $8.75 billion, just under half what Intel paid to acquire the company in 2015.”

Intel sells 51% of Altera to Silver Lake at a valuation just under half what it paid in 2015. Silver Lake pays about $3.4 billion. Intel renamed Altera, folded it in, then spun it back out. A decade of ownership halved its value.