Glory Times on November 5th | According to sources cited by Reuters, several buyout funds including Silver Lake and Bain Capital are planning to participate in the bidding for a minority stake in Altera, the programming chip branch of the chip maker intel. Sources said that intel intends to spin off Altera as an independent operating entity and plans to seek a bidding process for the sale of a minority stake in Altera in the next few weeks. The plan is still in the preliminary stage, and it is not ruled out that intel may eventually cancel the sale. Sources said that it is not clear for now the percentage of Altera shares intel wants to sell, but it tends to sell equity at a price not less than the purchase cost. intel acquired Altera in 2015 at a cost of 17 billion dollars.