Hedge Funds
The latest gossip in the soap opera that is AMD is that the company is about to sell 20% of its stake to a private equity investors Silver Lake Partners, the same firm that helped Dell go private. Silver Lake was the main investment firm in Michael Dell's buyout of his company to take it private, and the firm has also invested in companies like Alibaba, Avago, GoDaddy, Motorola Solutions, and Opera Solutions. With AMD's stock at $1.88 and a market cap of around $1.4 billion, a 20% stake in AMD would be around $280 million, peanuts compared to the...