Abu Dhabi to buy nine per cent of AMDArab Micro DevicesBy Paul Hales: Friday, 16 November 2007, 10:11 AMAMD IS TO flog off nine per cent of itself to Abu Dhabi.The deal will cost the country around $700 million "people close to the situation" apparently told the Financial Times.The acquisition would go through the Mubadala Development Company which is a front for the Government of the Emirate of Abu Dhabi, which in the United Arab Emirates.The deal may yet be scuppered by the American Committee on Foreign Investment in the US which may find the fact that an Arab state owns part of the largely US chip company objectionable.AMD could do with the dosh, however. Last night, the firm said in a regulatory filing that it was considering the sale of up to $700 million in common stock in order to reduce its debt mountain which stands at something in the region of $5.3 billion.AMD said it would prefer us not to call it Arab Micro Devices. µ
lol @ that last lineamd would prefer us to not call it arab micro devices ahahahahaway to easy lol lol lol
