ADVERTISEMENT
Xilinx Soars 16% Premarket After Report AMD in Talks to Buy Co.
A takeover could be valued at $30 billion, according to people familiar with the matter.
09 Oct 2020, 10:36 PM IST
(Bloomberg) -- Xilinx shares jump 16% in U.S. premarket trading to $123 after reports overnight that Advanced Micro Devices is in advanced discussions to buy the company. AMD shares fell 2.6% premarket.
(Bloomberg) -- Xilinx shares jump 16% in U.S. premarket trading to $123 after reports overnight that Advanced Micro Devices is in advanced discussions to buy the company. AMD shares fell 2.6% premarket.
- A takeover could be valued at $30 billion, according to people familiar with the matter
- A combination with Xilinx would give AMD more of the pieces needed to break Intel’s stranglehold on the profitable market for data-center computer components; Intel shares +0.4% premarket
- Chip stocks in Europe are outperforming after a positive update from NXP Semi and amid the consolidation talk
©2020 Bloomberg L.P.
Get live Stock market updates, Business news, Today’s latest news, Trending stories, and Videos on NDTV Profit.
ADVERTISEMENT