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One Of AMD's Biggest Shareholders Just Unloaded Stock

Video Credit: Wochit Business - Duration: 00:51s - Published < > Embed
One Of AMD's Biggest Shareholders Just Unloaded Stock

One Of AMD's Biggest Shareholders Just Unloaded Stock

According to Business Insider, on Monday one of AMD's largest shareholders, Mubadala Investment, disclosed that it sold 34.9 million shares in AMD.

The chipmaker's stock was down 3.15% to $23.37 apiece early Tuesday.

Mubadala, the investment arm of the Abu Dhabi government, said Monday in an emailed statement that it plans to convert 75 million warrants into equity of AMD, providing $448.5 million to the chipmaker.

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One Of AMD's Biggest Shareholders Just Unloaded Stock

A SUNDAY, JAN.

16, 2011 FILE PHOTO AP PROVIDES ACCESS TO THIS PUBLICLY DISTRIBUTED HANDOUT PHOTO PROVIDED BY THE MUBADALA WORLD TENNIS CHAMPIONSHIP FOR EDITORIAL PURPOSES ONLY.




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