AMD Tries to Avoid Past Debt-Ridden Deal Mistakes in Xilinx Bid
- Some analysts hope AMD will use soaring stock for latest deal
- Chipmaker almost went bust after last big acquisition in 2006
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Much of Lisa Su’s success as chief executive officer of Advanced Micro Devices Inc. has come from avoiding predecessors’ mistakes. Stretching to make a multibillion-dollar acquisition is the latest chapter she must now rip from the chipmaker’s troubled history.
AMD is in talks to acquire Xilinx Inc. in a deal that could be valued at as much as $30 billion. That would be AMD’s largest purchase ever, by a wide margin, and conjures memories of a similarly audacious transaction from 2006 that left the company mired in debt and flirting with bankruptcy.