Globalfoundries up For Sale??

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Globalfoundries up For Sale??

posted on Nov 24, 2015 06:42PM

November 24, 2015 — 10:27 AM ESTUpdated on November 24, 2015 — 12:32 PM EST

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Mubadala considering disposal of all or parts of chipmaker
Transaction may value the business at up to $20 billion

Abu Dhabi’s investment arm is considering a sale of all or part of chipmaker Globalfoundries Inc. as the emirate explores asset disposals amid a slump in crude oil, people familiar with the matter said.

Sovereign fund Mubadala Development Co. has held early talks with potential acquirers, the people said, asking not to be identified as the information is private. No final decision has been made and discussions could still fall apart, the people said. A transaction could value the business at $15 billion to $20 billion, the people said.

http://www.bloomberg.com/news/articles/2015-11-24/abu-dhabi-investment-arm-said-to-explore-sale-of-globalfoundries

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