Chipmaker SiFive Is Said to Draw Intel Takeover Interest

SourceYahoo News
SectorEconomy
CountrySaudi Arabia

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(Bloomberg) — SiFive Inc., a startup that designs semiconductors, has received takeover interest from investor Intel Corp., according to people familiar with the matter.

Intel offered to acquire SiFive for more than $2 billion, one of the people said, asking not to be identified because the matter is private.

The San Mateo, California-based company has been in talks with potential advisers on how to handle the takeover interest, the people added.

The company has received takeover offers from multiple parties other than Intel, one of the people said. It...read more...