Intel acquired the manufacturer of field programmable gate arrays in 2015 for 17 billion
California’s tech focused private equity Silver Lake will acquire from Nasdaq-listed Intel Corporation a 51% of Altera, a producer of field programmable gate arrays (FPGA), on the ground of an enterprise value of 8.75 billion US Dollars (press release). Closing may take place in 2H25. Morgan Stanley & Co. LLC acted as financial advisor for Intel.
In 2015, Intel delisted Altera from Nasdaq with a cash deal worth in the region of 17 billion (press release). The vendor will keep a 49% while fetching the resources for handling its financial distress.
