Elon Musk rumored to be a potential buyer for Intel, Citigroup says not optimistic
According to SemiAccurate, a US technology media outlet, the media has confirmed through multiple sources that a mysterious company intends to acquire Intel (INTC. O) as a whole. Affected by this news, Intel's stock price surged over 9% on Friday. According to the latest report from the investment community Seeking Alpha, Citigroup analysts have reviewed this paid report and stated in a report sent to clients that "the SemiAccurate paid report mentions Musk as a potential buyer. However, Citigroup's analysis is not optimistic about Musk's acquisition of Intel. He wrote in the report that this is a "bad outcome" for Intel unless it can hire a CEO who can exit the commercial outsourcing business and has the three qualifications of advanced manufacturing experience, technological sensitivity, and Intel experience.