AMD Announcing Fab Spin-Off Tomorrow

[savantu]

The deal looks like this :

-Abu Dhabi increases ownership in AMD to 19,3% prior to the split
-Abu Dhabi will pay $2.1B out of which $700m are counted as payment for their share in the new foundry
-New foundry will take on $1.2B of debt from AMD

So Abu Dhabi will own 19,3% of AMD and 55,6% of the new foundry.AMD will get $1.5B plus $1.2B debt reduction leaving them with a grand total of $2.6B in debt from the $5B+ they owe now.