AMD in Acquisition Rumors Again; Stock Rises

Patrick Wang, an analyst with Evercore Partners said that Qualcomm and Samsung have been mentioned as possible buyers, but there was no substance to those rumors.

However, Wang noted that there may have been "a lot of short covering as volumes shot up in the afternoon" and that it was "unlikely" that AMD would receive an offer. AMD's stock ended the day at $4.40, up 9.45 percent or $0.38 from $4.02 on Tuesday. The stock increased another $0.05 or 1.14 percent in after hour trading. The gains added about $280 million to AMD's market cap, which now stands at about $3.1 billion.

An AMD takeover is one of those stories that just won't go away. Last year, there was speculation that Dell may be interested in buying AMD.

 

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  • greghome
    If Samsung does buy AMD, it might mean the end of fab problems for AMD.... :/
    which sadly has been a major source of butthurt in AMD's business for quite a while now.
    21
  • noobzilla771
    Samsung Phenom III 965 Black Edition, anyone?
    19
  • rpgplayer
    Samsung buying AMD might be one of the best things to every happen to AMD. Samsung has a top-notch fab process and they definitely do not skimp on R&D.
    18
  • Other Comments
  • greghome
    If Samsung does buy AMD, it might mean the end of fab problems for AMD.... :/
    which sadly has been a major source of butthurt in AMD's business for quite a while now.
    21
  • noobzilla771
    Samsung Phenom III 965 Black Edition, anyone?
    19
  • nforce4max
    I know that VIA's x86 license is non transferable while AMD it might be but I am not sure. I have mixed feelings if Samsung or Qualcomm were to purchase AMD.
    12