Intel Rebuffs Arm Approach About Product Unit, Source Tells Bloomberg
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Dow Jones
--Arm Holdings approached Intel about buying the chipmaker's product division but was told the unit wasn't for sale, Bloomberg reports, citing an unnamed source.
--Arm didn't express interest in Intel's manufacturing operations, the unnamed source told Bloomberg.
--Intel's business has deteriorated this year, spurring speculation about a possible takeover, Bloomberg said.
--Representatives for Arm and Intel declined to comment for Bloomberg's story.
Full story: https://www.bloomberg.com/news/articles/2024-09-27/arm-rejected-by-intel-after-approaching-it-about-buying-product-unit
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
September 27, 2024 06:54 ET (10:54 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
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