Arm Is Rebuffed by Intel
Arm Is Rebuffed by Intel After Inquiring About Buying Product Unit
Arm Holdings Plc approached Intel Corp. about potentially buying the ailing chipmaker’s product division, only to be told that the business isn’t for sale, according to a person with direct knowledge of the matter.
Intel rejects Arm's approach for product division, Bloomberg News reports
Arm Holdings approached Intel about potentially acquiring the company's product division but was told that the business is not for sale, Bloomberg News reported on Thursday.
Intel responds to Arm potentially buying its product division
Intel has been struggling since its 13th and 14th gen CPUs were officially recognized as having faults, and reports indicate Arm wants to buy its business.
Arm Holdings rebuffed by Intel after inquiring about buying product unit
Intel, once the world's largest chipmaker, has become the target of takeover speculation since a rapid deterioration of its business this year
Intel reportedly rebuffed an offer from ARM to buy its product unit
Intel's fortunes have declined so rapidly over the past year that chip designer ARM made a "high level inquiry" about buying its crown jewel product unit, Bloomberg reported. However, Intel said the division wasn't for sale and turned down the offer,
Questionable report claims Arm approached Intel to buy products group and got rejected
Arm Holdings reportedly approached Intel Corp. with interest in acquiring Intel's product division, which develops and sells processors for PCs, servers, and networking gear. Intel declined, stating the division is not for sale,
Intel Reportedly Rejected ARM’s Offer to Acquire its Product Division
Intel has reportedly rejected an approach from Arm to potentially acquire the company’s product division. According to a report from Bloomberg, Intel, which may be considering different options to turn itself around,
Intel said to rebuff approach by Arm Holdings for product unit
Intel (NASDAQ:INTC) has rebuffed Arm Holdings (NASDAQ:ARM) after it showed interest in potentially acquiring its product division, with the troubled chipmaker insisting that the business is not for sale,
Intel rejected Arm's approach to buy product unit- report
Arm Holdings Plc (NASDAQ:ARM) approached Intel Corp (NASDAQ:INTC). to explore the possibility of acquiring its struggling product division, but Intel responded that the unit was not up for sale, Bloomberg News reported on Friday,
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Chipmaker Intel has rejected a bid by chip designer Arm Holdings for its product division, Bloomberg reported late Thursday.