Nvidia has completed a $5 billion purchase of Intel shares, finalizing a transaction announced in September.
According to a regulatory filing on Monday, the deal followed the structure previously outlined.
Earlier, Nvidia said it would pay $23.28 per share for Intel common stock.
As a result, the agreement is widely viewed as a financial lifeline after years of costly production expansions weakened Intel’s finances.
Share Purchase Structure
Meanwhile, the transaction involved a private placement of more than 214.7 million Intel shares.
Notably, Nvidia acquired the shares at the price set in the September agreement.
Additionally, the purchase reinforced Nvidia’s strategic investment approach in the semiconductor sector.
Regulatory Review and Market Reaction
Before completion, U.S. antitrust agencies approved the investment earlier in December.
Therefore, regulatory clearance allowed the transaction to move forward without delay.
Following the announcement, Nvidia shares fell 1.3% in premarket trading.
At the same time, Intel stock showed little movement.
