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Intel reverses course, opts not to spin out Intel Capital
Intel Capital was going to be spun out of its parent company in January. Now, Intel's new CEO is changing course.
“We have made the decision not to spin off Intel Capital, but to work with the team to monetize our existing portfolio, while being more selective on new investments that are support the strategy we need to get our balance sheet healthy and start the process of deleveraging this year,” Tan said on the call. “We had done really well, even while, you know, a lot of the venture industry hasn’t been able to realize exits, we’d had some success doing that, so we felt like we could position ourselves as a bit of an outlier there.” Becca is a senior writer at TechCrunch that covers venture capital trends and startups.
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