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Intel plans to sell part of venture capital unit: Bloomberg

Intel plans to sell part of venture capital unit: Bloomberg

Postby smix » Sat Mar 12, 2016 12:50 pm

Intel plans to sell part of venture capital unit: Bloomberg
Reuters

URL: http://www.reuters.com/article/us-intel ... SKCN0WD2CI
Category: technologyNews
Published: Fri, 11 Mar 2016 19:37:00 GMT

Description: (Reuters) - Intel Corp is looking to sell part of its venture capital portfolio, assets that could be worth as much as $1 billion, Bloomberg reported. The world's biggest chipmaker was working with UBS Group AG to look for potential buyers, Bloomberg reported on Friday, citing people familiar with the matter. The portfolio comprises companies across the globe and is part of the company's corporate venture unit, Intel Capital, according to the report. Intel declined to comment, while UBS was not immediately available for comment. Intel was open to selling the assets as a whole or divided by geography or sectors, the sources told Bloomberg, adding that talks over the structure were at an early stage.
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