Intel agreed in April 2025 to sell 51% of Altera to Silver Lake

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 said on Apr 14, 2025 that it entered into a transaction agreement under which an affiliate of Silver Lake would acquire a controlling 51% stake in its Altera business. Intel would keep the remaining 49%, and the press release attached to the filing said the transaction was expected to close in the second half of 2025, subject to customary closing conditions. The release also said Raghib Hussain would succeed Sandra Rivera as chief executive officer of Altera, effective May 5, 2025. The announcement was in Intel's Form 8-K, a US company's report of a material event, filed Apr 14, 2025, with the press release attached.1^,2^,3^,4^,5^,6