AMD Agrees to Buy Chipmaker Xilinx in $35 Billion All-Stock Deal
- Transaction values Xilinx at about $143 a share, a 25% premium
- AMD quarterly sales jump 56% on PC, gaming, data center demand
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Advanced Micro Devices Inc. agreed to buy Xilinx Inc. for $35 billion in stock, quickening the pace of chip industry dealmaking and using its largest acquisition ever to add products to challenge leader Intel Corp.
Xilinx investors will get 1.7234 AMD shares for each Xilinx stock they own. That values Xilinx at about $143 a share, 25% more than the closing price on Monday and 35% above the price before news of a possible deal was reported earlier in October.