China Delays Kill Intel's Tower Acquisition, Intel to Pay $353 Million Breakup Fee
Intel will not pursue acquisition of Tower Semiconductor following delay of Chinese review.
Source: tomshardware.com
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China blocks Intel's $5.4B merger with Tower Semiconductor
Deal ends with Intel paying a $353 million termination fee to Tower.
Source: arstechnica.com
Intel ends $5.4 billion deal to buy Tower Semiconductor
Intel Wednesday announced termination of a $5.4 billion bid to acquire Tower Semiconductor. The company said its decision is due to inability to obtain regulator approvals in a timely manner.
Source: upi.com
China caused Intel to call off the $5.4 billion Tower deal
The falling through of the Intel-Tower merger stems from ongoing US-China tensions
Source: qz.com