AMD CEO Tries to Banish Debt-Ridden Deal Ghosts With Xilinx Bid

(Bloomberg) — Much of Lisa Su’s success as chief executive officer of Advanced Micro Devices Inc. has come from banishing the ghosts of predecessors’ mistakes. Stretching to make a multibillion-dollar acquisition is the scariest chapter she must now rip from the chipmaker’s history book.AMD is in talks to acquire Xilinx Inc. in a deal that could be valued at as much as $30 billion. That would be AMD’s largest purchase ever, by a wide margin, and conjures memories of a similarly audacious transaction from 2006 that left the company mired in debt and flirting with bankruptcy.Wall Street is betting Su …read more

Source:: Yahoo Finance

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