Intel Corp. (NASDAQ:INTC) shares rose on Monday after the company announced the completion of a long-anticipated deal to sell a majority stake in its Altera business to Silver Lake. The transaction, originally signed on April 14, 2025, closed on September 12 after meeting all conditions.
Under the agreement, Silver Lake acquired 51% of Altera for about $3.3 billion, while Intel retained a 49% interest. Both parties contributed their holdings to a newly created limited partnership and signed an amended and restated partnership agreement.
