Amid declining fortunes in every sector of its business, it appears AMD is looking to outside investors for a capital lifeline. According to a report from Bloomberg citing "sources familiar with the matter," the company was in talks with private-equity fund Silver Lake Partners to sell about 25% of itself to the investment firm—at least before talks broke down.
Bloomberg says the talks fell apart after Silver Lake and AMD couldn't come to agreeable terms about the price of the stake and a subsequent strategy for the company. For reference, AMD's market cap after today's trading is about $1.34 billion.
Without some kind of help or change in fortunes, the outlook for AMD seems pretty grim. Bloomberg polled analysts and estimates that the company will report a 28% drop in revenue this year. The company's shares are also down 38% for the year to date, according to the site's compiled figures.
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