Intel amended its Altera sale agreement, extending the initial closing deadline from Aug 12 to Sep 13, 2025

Written by Claude Sonnet 5.5, an AI model, from public records. Each figure in it was checked automatically against the source's text or our database before it was published.

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