Friday, October 22nd 2021
Intel's Attempts at Acquiring SiFive Fail to Deliver, Company Now Seeks IPO
Back in June, SiFive, a company focusing on providing RISC-V-based IP solutions, received an offer for a takeover from Intel. With a value of over two billion dollars, the company's request was on the table to accept. However, according to the latest report from Bloomberg, SiFive declined an offer and aimed to get an initial public offering or get acquired by an even larger vendor. What made the company reject, you might question?
Well, according to sources familiar with the deal, Intel's offer of two billion USD was not enough, and it interrupted the company's ideologies of operation. SiFive management didn't like how Intel would integrate the company in its roadmaps and decided to stay independent. For now, the company is looking to start an initial public offering or get acquired an even larger company that would respect its vision and guidelines, unlike Intel's offer.
Source:
Bloomberg
Well, according to sources familiar with the deal, Intel's offer of two billion USD was not enough, and it interrupted the company's ideologies of operation. SiFive management didn't like how Intel would integrate the company in its roadmaps and decided to stay independent. For now, the company is looking to start an initial public offering or get acquired an even larger company that would respect its vision and guidelines, unlike Intel's offer.
30 Comments on Intel's Attempts at Acquiring SiFive Fail to Deliver, Company Now Seeks IPO
But from the title and short article it sounds like
We are worth billions
let’s sell and get some coin
Ooo. Intel is offering 2 bill
Pfff. They can afford more than that. Cheapskates
Plus they won’t let us run the company the was we want after we sell to them
Hmmm. Well we better go for an IPO cause? Either we need money or maybe we will get values more and ask Intel for 4 bill.
I guess time will tell if some Corp will pay more than 2 bill for them
At that day ill can play my indie games via Linux or BSD without x86 ill change my main sys :),
on the best way to realised it on the path is RiscV:p
A main sys with a RiscV and an GPU from stupid Companys like AMD, Intel or Nvidia would be a dream, but no x86 shice :toast:
Don't laugh that is now intel security we should cry lol
That leaves what, AMD (Xilinix), Latice & Gowan. I can't really see any of those offering more than $2 Billion anytime soon.
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