We’re not for sale, insists AMD

Perhaps its long-time rivalry with Intel Corp. doesn’t have processor vendor AMD Inc. (NYSE: AMD) down after all, as the company is denying that it’s considering putting itself up for sale.

Following a report by Reuters quoting unnamed sources as saying AMD had retained JP Morgan Chase to explore strategic options for the company which could include a sale of certain assets or the company as a whole, speculation began to swirl around companies such as Microsoft and Samsung as potential suitors.

However, AMD is throwing cold water on the rumours according to Kristin Bent of CRN, who reports AMD is flatly denying a sale is in the works.

“AMD’s board and management believe that the strategy the company is currently pursuing to drive long-term growth by leveraging AMD’s highly differentiated technology assets is the right approach to enhance shareholder value,” Drew Prairie, an AMD spokesperson, told CRN in an emailed statement. “AMD is not actively pursuing a sale of the company or significant assets at this time.”

Click here to read: “AMD Says It’s Not Pursuing A Sale Of The Company

Would you recommend this article?


Thanks for taking the time to let us know what you think of this article!
We'd love to hear your opinion about this or any other story you read in our publication.

Jim Love, Chief Content Officer, IT World Canada

Featured Download

CDN Staff
CDN Staffhttps://channeldailynews.com
For over 25 years, CDN has been the voice of the IT channel community in Canada. Today through our digital magazine, e-mail newsletter, video reports, events and social media platforms, we provide channel partners with the information they need to grow their business.

Related Tech News

CDN in your inbox

CDN delivers a critical analysis of the competitive landscape detailing both the challenges and opportunities facing solution providers. CDN's email newsletter details the most important news and commentary from the channel.