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AMD considering other strategic options after failed investment deal

After failing to have Silver Lake buy a 20% stake in the company, AMD is now 'considering other strategic options'
By: Anthony Garreffa | Business, Financial & Legal News | Posted: Sep 30, 2015 1:31 am

Earlier this month we reported that AMD had split its GPU division off into Radeon Technolgoies Group, while the larger chunk of the company was hoping to sell a 20% stake in itself to investment firm Silver Lake.

 

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Well, that deal has fallen through according to Bloomberg, which reports: "Advanced Micro Devices Inc., a struggling competitor to Intel Corp., was in talks to sell about a 25 percent stake to private-equity firm Silver Lake Management before the negotiations stalled, people with knowledge of the matter said".

 

Bloomberg added: "The two sides, which met over the summer, have put the discussions on hold after failing to agree on a price and strategy, said one of the people, who asked not to be identified because the information is private. AMD is also considering other strategic options, another person said".

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