14 DAY TRIAL // One would think that changing chief executive officers would force a company to take a sabbatical in terms of high-profile business decisions, but Intel has just showed the exception to the rule.
Brian Krzanich has been the CEO of the company (Paul Otellini retired) for less than two weeks.
Even so, however, he's already negotiated a deal with ST-Ericsson for the acquisition of the latter’s GPS division.
Presumably, this would allow the Intel mobile chip side-business, headed by smartphone chief Mike Bell, to become just a bit better on the mobile market.
ST-Ericsson is selling the satellite navigation chip sub-business because it is dissolving a joint venture. CEO Brian Krzanich must feel it would be a waste to miss the chance.
Intel will pay about $90 million / €70 – 90 million.
Source: AllThingsD