Silver Lake and Bain Capital may bid for minority stake in Intel's Altera

According to people familiar with the matter, Silver Lake and Bain Capital may be among the potential bidders for a minority stake in Intel's programmable chip business Altera. Intel acquired Altera for nearly $17 billion in 2015 and is now considering spinning it off as an independent company, and has launched the process of selling its stake in the division in recent weeks. The negotiations are still in the early stages, and Intel is ready to accept preliminary bids from potential buyers in the coming weeks.