Mergers and Acquistions News
Categories: Software
June 10th 2011, 16:10PM
Chip maker Intel announced this week that it had made substantial investments into two Russian internet companies, in a move to back companies which complement its business.
The American company has pumped money into deals with social networking company AlterGeo and online shoe retailer Sapato.ru. Details of the deals have not been disclosed.
These latest deals follow a total of 119 other deals which were made by the company last year at a total of $327 million (£201 million), in a bid to become involved in companies which support the long-term strategy of the Santa Clara-based company.
Reuters reported that these deals show an increase in investor confidence in growth prospects for internet businesses, which was evidenced by the listings of LinkedIn and Russia's most popular search engine Yandex.
Intel Capital recently announced a $24.5 million investment to drive innovation and boost services across the entire computer continuum. It marked a milestone $10 billion of investment for the company.
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