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Cray Agrees to Sell Interconnect Hardware Assets to Intel for $140M

Eddie Staley, Benzinga Staff Writer
April 24, 2012 4:35 PM
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Tickers: CRAY, INTC
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Cray Inc. (NASDAQ: CRAY) today announced it signed a definitive agreement to sell its interconnect hardware development program and related intellectual property to Intel Corporation (NASDAQ: INTC) for $140 million in cash.

(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Posted in: News, Asset Sales

 

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