Up to $1bn of Intel Capital assets could be sold off, and Intel has reportedly employed UBS to look for interested buyers.
US-based semiconductor technology producer Intel is considering divesting up to $1bn in assets held by its corporate venturing unit, Intel Capital, Bloomberg reported on Friday citing people familiar with the matter.
Intel is working with financial services firm UBS to search for buyers for the stakes, which could be sold as a combined portfolio or in batches themed according to geography or sector, and private equity houses are likely to be interested, according to the sources.
The move follows a…
