Silver Lake in talks for majority stake in Intel's Altera unit, source says

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Silver Lake in talks for majority stake in Intel's Altera unit, source says

Feb 18 (Reuters) - Buyout firm Silver Lake is in exclusive discussions to purchase a majority stake in Intel's, programmable chip business, Altera, a person familiar with the matter told Reuters on Tuesday. Silver Lake is finalizing the details of the investment. The exact size of the stake has yet to be determined and the discussions could be delayed, the person said. Silver Lake declined to comment on the deal, while Intel did not immediately respond to a Reuters request for comment.

https://www.reuters.com/markets/deals/silver-lake-nears-deal-majority-stake-intels-altera-unit-bloomberg-news-reports-2025-02-18/

 

[Daniel Nenni]

The plot thickens...

Hock Tan, the President and CEO of Broadcom Inc., has a longstanding relationship with Silver Lake, a prominent private equity firm. This partnership has been instrumental in shaping Broadcom's growth and acquisition strategy over the years.

Recruitment to Avago Technologies

In 2005, Silver Lake, in collaboration with KKR, acquired Agilent Technologies' semiconductor business for $2.66 billion, forming Avago Technologies. Recognizing the need for strong leadership, Silver Lake played a pivotal role in recruiting Hock Tan as the CEO of Avago in 2006. Under Tan's leadership, Avago embarked on an aggressive expansion strategy, focusing on consolidating the semiconductor industry.
reuters.com


Strategic Acquisitions and Growth

With Silver Lake's backing, Tan led Avago through a series of significant acquisitions:

• LSI Corporation (2014): Avago acquired LSI, a storage chipmaker, for $6.6 billion, expanding its product portfolio and market reach.
• Broadcom Corporation (2015): In a landmark deal, Avago purchased Broadcom for $37 billion and subsequently adopted the Broadcom name, solidifying its position as a major player in the semiconductor industry.
• 
  
• Brocade Communications Systems (2016): Broadcom further diversified by acquiring this network gear maker for $5.9 billion.
  reuters.com

Throughout these transactions, Silver Lake provided essential support, including arranging debt financing and offering strategic guidance.

Attempted Qualcomm Takeover

In 2017, Broadcom, under Tan's leadership and with Silver Lake's backing, launched a $117 billion hostile takeover bid for Qualcomm. This ambitious move, which would have been the largest technology deal to date, was ultimately blocked by the U.S. government due to national security concerns.
reuters.com

Continued Collaboration
The partnership between Hock Tan and Silver Lake exemplifies how strategic collaboration between visionary leadership and private equity can drive significant growth and transformation within the technology sector.

 

[hist78]

The plot thickens...

Hock Tan, the President and CEO of Broadcom Inc., has a longstanding relationship with Silver Lake, a prominent private equity firm. This partnership has been instrumental in shaping Broadcom's growth and acquisition strategy over the years.

Recruitment to Avago Technologies

In 2005, Silver Lake, in collaboration with KKR, acquired Agilent Technologies' semiconductor business for $2.66 billion, forming Avago Technologies. Recognizing the need for strong leadership, Silver Lake played a pivotal role in recruiting Hock Tan as the CEO of Avago in 2006. Under Tan's leadership, Avago embarked on an aggressive expansion strategy, focusing on consolidating the semiconductor industry.
reuters.com


Strategic Acquisitions and Growth

With Silver Lake's backing, Tan led Avago through a series of significant acquisitions:

• LSI Corporation (2014): Avago acquired LSI, a storage chipmaker, for $6.6 billion, expanding its product portfolio and market reach.
• Broadcom Corporation (2015): In a landmark deal, Avago purchased Broadcom for $37 billion and subsequently adopted the Broadcom name, solidifying its position as a major player in the semiconductor industry.
• 
  
• Brocade Communications Systems (2016): Broadcom further diversified by acquiring this network gear maker for $5.9 billion.
  reuters.com

Throughout these transactions, Silver Lake provided essential support, including arranging debt financing and offering strategic guidance.

Attempted Qualcomm Takeover

In 2017, Broadcom, under Tan's leadership and with Silver Lake's backing, launched a $117 billion hostile takeover bid for Qualcomm. This ambitious move, which would have been the largest technology deal to date, was ultimately blocked by the U.S. government due to national security concerns.
reuters.com

Continued Collaboration
The partnership between Hock Tan and Silver Lake exemplifies how strategic collaboration between visionary leadership and private equity can drive significant growth and transformation within the technology sector.

That means Broadcom will eventually become the owner of Altera. That's interesting...