Intel amended its Altera sale agreement, extending the initial closing deadline from Aug 12 to Sep 13, 2025
The Aug 11, 2025 amendment also made technical changes to the definitions used to calculate the purchase price, which an 8-K filed on Aug 14, 2025 said were not expected to materially affect Intel's net cash proceeds.
Intel and the other parties to its agreement to sell a majority interest in its Altera business amended that agreement on Aug 11, 2025. The amendment, called Amendment No. 1, made technical changes to the definitions used to calculate the purchase price, and Intel said at the time that it did not expect them to materially impact the net cash proceeds to Intel from the transaction. It also provided that the closing was not to occur before Sep 12, 2025 without the prior written consent of each party, and it extended the initial date by which the closing had to occur from Aug 12, 2025 to Sep 13, 2025. Intel reported the amendment in an 8-K, the current report a US-listed company files when an event matters to its shareholders, filed on Aug 14, 2025 under item 1.01, entry into a material definitive agreement.1,2,3,4,5,6,7
The original agreement, which the 8-K called previously disclosed, was entered into on Apr 14, 2025 by Intel Corporation, Intel Americas, Inc., Altera Corporation and SLP VII Gryphon Aggregator, L.P., the purchaser. Under it, Intel agreed to sell a majority interest in its Altera business to the purchaser.2
The filing carried Intel's forward-looking statements about Amendment No. 1, including the impacts it expected from the changes to the purchase price calculation. Among the risks Intel listed was that the transaction might not be completed in a timely manner or at all, including as a result of a failure to receive regulatory approvals. Another was the risk of Intel losing future business with the Altera business as a result of selling a controlling interest in it.8,9,10
Our records hold the text of this one 8-K, with items 1.01 and 9.01, and not the filing's other exhibits. The amendment itself was listed as exhibit 10.1, so its own text is not among what we hold, and this article rests on the 8-K's summary, which said the amendment changed these aspects among other things. The one document of the deal that we hold states a premium over a market price in 0 sentences, an equity value in 0 and an enterprise value in 0.11,12,13,14
How each figure was checked
- the day the parties entered into Amendment No. 1, as the 8-K words itAugust 11, 2025SEC EDGAR, Form 8-K filed Aug 14, 2025 ↗
- the day the parties entered into the original transaction agreement, as the 8-K words itApril 14, 2025SEC EDGAR, Form 8-K filed Aug 14, 2025 ↗
- the amendment's technical changes to the purchase price calculation, as the 8-K words themAmendment No. 1: technical changes, not expected to materially impact the net cash proceeds to IntelSEC EDGAR, Form 8-K filed Aug 14, 2025 ↗
- the earliest and the latest day for the closing under the amendment, as the 8-K words themSeptember 12, 2025; August 12, 2025; September 13, 2025SEC EDGAR, Form 8-K filed Aug 14, 2025 ↗
- the form8-K
- when the 8-K was filedAug 14, 2025
- the items of the 8-K1.01, 9.01
- Intel's forward-looking statements concern Amendment No. 1, as the 8-K words itAmendment No. 1SEC EDGAR, Form 8-K filed Aug 14, 2025 ↗
- a risk Intel lists, as the 8-K words itthe transaction may not be completed in a timely manner or at allSEC EDGAR, Form 8-K filed Aug 14, 2025 ↗
- a risk Intel lists, as the 8-K words itfuture loss of business with the Altera businessSEC EDGAR, Form 8-K filed Aug 14, 2025 ↗
- which documents of the filing our records holdWe hold the text of this filing's 8-K with items 1.01, 9.01. We do not hold the filing's other exhibits, and nothing else of it is held: a sentence about what the filing does not say is about the text we hold.
- the amendment is filed as exhibit 10.1, as the 8-K lists it10.1SEC EDGAR, Form 8-K filed Aug 14, 2025 ↗
- the 8-K says the amendment changed the aspects it lists among other thingsamong other thingsSEC EDGAR, Form 8-K filed Aug 14, 2025 ↗
- what the documents of this deal stateOur records hold the text of 1 document of this deal (1 8-K). They state a premium over a market price in 0 sentences, an equity value in 0 sentences and an enterprise value in 0 sentences. A filing older than the collector's window is not stored, so a deal's early steps may be missing from them.
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The record
- Company
- Intel (CIK 50863)
- Form
- 8-K
- Accession
- 0000050863-25-000123
- Filed
- Aug 14, 2025
- Period of report
- Apr 11, 2025
- Items
- 1.01 Material agreement
The deal
Reported in an 8-K- Aug 14, 2025
Material agreement8-KThis filing
Item 1.01: the company reports a material agreement. The item doesn't say what the agreement is.
SEC EDGAR ↗
The latest filing that moves this deal is an 8-K. Either it reports a material agreement (item 1.01), which doesn't say what the agreement is, so a deal listed only from it may not be a merger or a purchase; or it reports an acquisition or a sale of assets (item 2.01) and we hold no text of it that says the transaction was completed.
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