AMD agrees to buy chipmaker Xilinx for $35bn in stock
The deal will move the chipmaker into more diverse and profitable markets and adding to its data centre offerings
27 October 2020 - 17:15
San Francisco — Advanced Micro Devices (AMD) has agreed to buy Xilinx for $35bn in stock, taking the chipmaker into more diverse and profitable markets and adding to its data centre offerings.
Xilinx investors will get 1.7234 AMD shares for each Xilinx stock they own. That values Xilinx at about $143 a share, 25% more than the closing price on Monday and 35% above the price before news of a possible deal was reported earlier in October...
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