Comment by svnt
5 days ago
For those keeping score at home, 51% sold at a total valuation of $8.75B, which means they are bringing in around $4.5B, and recognizing a loss of roughly 50% on what was their biggest deal ever when it took place in 2015.
5 days ago
For those keeping score at home, 51% sold at a total valuation of $8.75B, which means they are bringing in around $4.5B, and recognizing a loss of roughly 50% on what was their biggest deal ever when it took place in 2015.
"In December 2015, Intel acquired Altera for $16.7 billion in cash." $21.5 bn inflation adjusted. Amazing ten year performance.
Sure, it was down 60%. But the real question is whether it outperformed Intel as a whole, and outperformed other internal investments Intel could make. I certainly wouldn't think that a 2015 dollar anywhere else within Intel is worth more than 40¢ today, given how they've been running.
Just to put numbers to it, Intel was $34 in 2016. It’s $20 now. So a dollar in Intel in 2016 would be worth 59 cents today.
ETA they also paid out almost $10 in dividends.
2 replies →
Or they got what they wanted from it and are selling off the rest, like when Google bought Motorola Wireless for the Patents then sold off the non-googly employees, culture, and brand for cheap.
> sold off the non-googly employees
Ouch - your work is so good we will pay 10x what it is worth, because we are not good enough to do it.
But you are not good enough for us. Maybe they couldn't a binary tree.