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Advanced Micro Devices on Thursday reported that it would sell up to $700 million in common stock and use the proceeds for general corporate purposes.
An 8.1 percent stake in AMD would be worth more than $550 million at the stock's last traded price. The deal would cost Mubadala about $700 million, The Financial Times said on Friday, citing people close to the situation.
AMD declined comment about the deal. |
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