AMD Agrees to Buy Xilinx for $35 Billion in Stock (Correct)

Advanced Micro Devices Inc. agreed to buy Xilinx Inc. for $35 billion in stock, taking the chipmaker into more diverse and profitable markets and adding to its data center offerings.

Xilinx investors will get 1.7234 AMD shares for each Xilinx stock they own. That values Xilinx at about $143 a share, 25% more than the closing price on Monday and 35% above the price before news of a possible deal was reported earlier in October.

Advanced Micro Devices Inc. agreed to buy Xilinx Inc. for $35 billion in stock. Tom Keene reports.

Source: Bloomberg)

The deal is a coup for AMD Chief Executive Officer Lisa Su, creating a company with a larger research-and-development budget and a broader ...