Abu Dhabi's Mubadala to sell 34.9mln shares in U.S. chipmaker AMD | ZAWYA MENA Edition:
Abu Dhabi's Mubadala Investment Co has sold 34.9 million common equity shares in Advanced Micro Devices (AMD), a company spokesperson said on Tuesday, and plans to convert 75 million warrants in the U.S chipmaker.
Mubadala did not disclose the sale price; but the market value of the 34.9 million shares was about $842 million based on Monday's closing price.
The Abu Dhabi state fund, which has stakes in General Electric and private equity firm Carlyle Group, first invested in AMD in 2007.
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