U.S. government to acquire stake in Intel

Photo via Intel

By Amy Edelen | Phoenix Business Journal

The U.S. government has struck a deal with Intel Corp. to take a nearly 10% equity stake in the company, the White House and the California-based chipmaker announced Friday.

Under terms of the deal, the U.S. government is agreeing to pay $8.9 billion for 433.3 million shares of Intel’s stock at $20.47 per share, equating to a 9.9% stake in the chipmaker, according to a company release.

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