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INTC - Intel News Story

$62.93 1.2  2.0%

Last Trade - 29/05/20

Sector
Technology
Size
Large Cap
Market Cap £215.85bn
Enterprise Value £231.34bn
Revenue £61.35bn
Position in Universe 23rd / 6364

BUZZ-MaxLiner to buy Intel's home gateway assets, shares rise

Mon 6th April, 2020 5:29pm
** Shares of Huawei supplier  MXL.N  jump ~16% to $12.43
amid broader market rebound 
    ** Stock set to have best day since Nov. 2015
    ** MXL buys Intel's  INTC.O  home gateway assets in cash for
$150 mln
    ** INTC shares also up ~6% 
    ** INTC's home gateway platform division includes WiFi
access points and ethernet services
    ** Deal is expected to close in Q3  urn:newsml:reuters.com:*:nBwbD6yKJa
    ** Despite Monday's gains, MXL stock has plunged ~41% while
INTC is down ~4% this year

 (Reporting by Akanksha Rana in Bengaluru)
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