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US Intel

(stratechery.com)
539 points maguay | 1 comments | 26 Aug 25 10:47 UTC | HN request time: 0s | source
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monknomo ◴[26 Aug 25 15:37 UTC] No.45028039[source]▶
the president unilaterally extorting 10% ownership out of a company isn't going to build the kind of system that competes with anyone. Big business can't really thrive under this kind of thing any more than corner stores can thrive under a protection racket.
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AnimalMuppet ◴[26 Aug 25 16:18 UTC] No.45028634[source]▶
Didn't the US pay $9.8 billion? Intel's market cap is $106 billion, so $9.8 billion for 10% is buying at a slight discount.

If that data is correct, how did the US "extort" ownership?

Look, I'm as terrified of Trump's overreach as the next guy. I could easily see him extorting partial ownership of companies. But I don't see this as being that.

Can you make a convincing argument otherwise?

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davedx ◴[26 Aug 25 16:34 UTC] No.45028898[source]▶
It was a grant (free money). Then the terms were (mostly) unilaterally changed to be an equity investment. Right?
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1. cpncrunch ◴[26 Aug 25 22:21 UTC] No.45033086[source]▶
No. It was a grant with profit sharing. The profit sharing was turned into equity.

https://www.intc.com/news-events/press-releases/detail/1748/...