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flag Silver Lake nears deal to acquire stake in Intel's Altera unit, boosting Intel’s stock.

flag Silver Lake, a private equity firm, is close to a deal to acquire a stake in Intel's Altera unit, according to Bloomberg. flag Altera, a semiconductor company, was purchased by Intel in 2015 for $16.7 billion. flag This development follows speculation of Intel potentially being split and sold off, which has increased the company’s market cap by 40% in the past week and its stock by 13% since the report.

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