Twitter LinkedIn
    Friday, March 24
    Login
    0 Shopping Cart
    Twitter LinkedIn
    Private Equity InsiderPrivate Equity Insider
    • About Us
    • Digital Events
    • Our Network
      • Reach
      • Sponsors
      • Members
    Private Equity InsiderPrivate Equity Insider
    Home»Mergers & Acquisitions»SK Hynix completes first phase of $9 bln Intel NAND business buy
    Mergers & Acquisitions

    SK Hynix completes first phase of $9 bln Intel NAND business buy

    December 30, 20211 Min Read
    LinkedIn Facebook Twitter Email WhatsApp
    Share
    LinkedIn Facebook Twitter Email WhatsApp

    South Korea’s SK Hynix Inc said it had completed the first phase of its acquisition of Intel Corp’s  NAND flash memory chip business, after it received regulatory nods from eight countries including China.

    In exchange, SK Hynix will pay $7 billion out of the deal’s total $9 billion price tag, the world’s second-largest memory chip maker said in a statement on Thursday.

    The second phase of the deal is expected to close in or after March 2025 along with the payment of the remaining $2 billion, and will include SK Hynix’s acquisition of Intel’s remaining assets in the NAND business including intellectual property and workforce, the statement added.

    Read more/Source: Reuters

    Related

    Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.

    deals Mergers and acquisitions PE Insider Private Equity
    Share. LinkedIn Facebook Twitter Email WhatsApp

    Related Posts

    UBS Agrees to Buy Credit Suisse for $3 Billion in Historic Deal – Copy

    March 19, 2023

    UBS Agrees to Buy Credit Suisse for $3 Billion in Historic Deal

    March 19, 2023

    Euroclear moves into $9.8 trillion private asset market with Goji buy

    December 21, 2022

    CAI raises over $1B for inaugural fund and co-investment programme

    November 18, 2022

    Comments are closed.

    Other Articles

    EQT launches EQT Active Core Infrastructure

    March 2, 2022

    News Corp inks Australia Facebook deal, signalling truce after blackout

    March 17, 2021

    Carlyle Reportedly Weighs Stake Sale in Satellite Firm AsiaSat

    April 23, 2021

    Carlyle to exit clinic chain Ameos as founder, ICG take full control

    February 23, 2021

    Private Equity Insider LLC
    1212 Avenue of the Americas
    New York City 10036
    USA

    [email protected]

    Twitter LinkedIn
    © 2023 Private Equity Insider LLC. All rights reserved.
    • About
    • Terms of Use
    • Cookie Policy
    • Privacy Policy
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.

    View Cart Checkout Continue Shopping

    Sign In or Register

    Welcome Back!

    Login to your account below.


    Lost password?