AMD, Xilinx Shares React Following WSJ Report on Potential Deal
October 09 2020 - 6:53AM
Dow Jones News
By Matt Grossman
Advanced Micro Devices Inc. shares and Xilinx Inc. shares moved
in opposite directions Friday morning following a Wall Street
Journal report that AMD was in advanced talks to buy Xilinx.
In premarket trading, Xilinx shares rose 17.27% to $124.29,
while AMD shares declined 4.7% to $82.
AMD's potential acquisition of rival chip maker Xilinx could be
valued at more than $30 billion, the Journal reported. The deal
could come together next week, but there is no guarantee of an
agreement, people familiar with the matter told the Journal.
Write to Matt Grossman at matt.grossman@wsj.com
(END) Dow Jones Newswires
October 09, 2020 06:38 ET (10:38 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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