The private equity firm Silver Lake Partners LP is reportedly in advanced talks over the purchase of a majority stake in Intel Corp.’s programmable chip business unit Altera, having apparently won out over a number of other prospective suitors.

By Juby Babu and Milana Vinn (Reuters) -Buyout firm Silver Lake is in exclusive discussions to purchase a majority stake in Intel's programmable chip business, Altera, a person familiar with the matter told Reuters on Tuesday.

Silver Lake Management is in exclusive talks to acquire a majority stake in Intel Corp.’s programmable chips unit, people with knowledge of the matter said. Most Read from BloombergWhy Barcelona Bough