RumorTT: AMD is up for sale?

RumorTT: AMD is up for sale?

@anthony256
Published Tue, Feb 15 2011 10:19 PM CST   |   Updated Tue, Nov 3 2020 12:32 PM CST
Rumor has it AMD is for sale, with the rumors circling around AMD's stock rose by roughly 5-percent on Monday. Wedbush Securities analyst Patrick Wang said "there is no management team there" and he is right. CEO Dirk Meyer was forced out last month, COO Bob Rivet and strategy chief Marty Seyer last week.

RumorTT: AMD is up for sale? | TweakTown.com


That's quite the loss for AMD all at once which leaves AMD with a large buyout target on it's back. Adding to the rumor-mill is Dell are interested in AMD. Dell could do with the acquisition as it would distance itself from the cold, corporate world that is Hewlett Packard, Lenovo and other rival system-builders.

It would also piss Intel off quite a bit as Dell is quite a large partner of theirs, but it's a long shot as AMD has $6.5 billion of enterprise value before buyout premiums.

Thanks to dukkie for this news!

Anthony joined the TweakTown team in 2010 and has since reviewed 100s of graphics cards. Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

Newsletter Subscription

Related Tags

Newsletter Subscription
Latest News
View More News
Latest Reviews
View More Reviews
Latest Articles
View More Articles