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AMD announces $622M investment by Mubadala |
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Written by Enis Sahinovic
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Saturday, 17 November 2007 |
 AMD announced today that it has received an investment from a wholly-owned subsidiary of Mubadala Development Company, a strategic investment and development company headquartered in Abu Dhabi. Mubadala invested approximately $622 million, receiving 49 million newly-issued shares at a price per share of $12.70, the closing price of AMD common stock on November 15, 2007.
AMD reps said that this is a non-controlling, minority investment, therefore Mubadala will not receive any board representation as part of the deal.
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