AMD CEO Lisa Su Denied a Rumor She Wants to Replace IBM CEO

AMD CEO Lisa Su rarely tweets, but she made sure to do so Tuesday morning to shoot down a report that she may be leaving the chip giant as she eyes IBM’s top post.

“Just for the record, zero truth to this rumor,” Su tweeted, replying to a Wcctech report that made the claim. “I love AMD and the best is yet to come.”

Still, it appears the question of IBM’s succession is in the air: Last week, a Morgan Stanley analyst said that Jim Whitehurst, CEO of Red Hat, is widely seen as the heir apparent to IBM chief exec Ginni Rometty. It’s not clear where the interest in IBM’s line of succession comes from, however, as Rometty hasn’t given any indication of leaving.

Read the full article here.

previous post Back to Articles next post

06 Feb 2024

NWN Carousel acquired by American Securities

Financial Information Revenue: Approx. $900 million Enterprise Value: N/A Transaction Details NWN Carousel announced a transition of ownership from New State Capital Partners to affiliates of American Securities. This transition represents the success of significant investment, organic growth, M&A execution, operational excellence and innovation under ownership of New State Capital Partners. NWN Carousel developed a...

29 Jan 2024

AHEAD to Acquire Computer Design & Integration

Financial Information (USD) Enterprise Value: Approximately $705 Million EV/EBITDA: 9.65x Transaction Details One Equity Partners LLC has entered into a definitive agreement to sell IT services firm Computer Design & Integration to Berkshire Partners-backed AHEAD. The agreement values CDI at approximately $705 million including debt. To fund the transaction, AHEAD plans to issue an incremental...

10 Jan 2024

Hewlett Packard Enterprise to Acquire Juniper Networks

Financial Information ($USD) Enterprise Value: $14.0 Billion EV/LTM Revenue: 2.48x EV/LTM EBITDA: 20.91x   Transaction Details Hewlett Packard Enterprise (NYSE: HPE) and Juniper Networks, Inc. (NYSE: JNPR), a leader in AI-native networks, today announced that the companies have entered a definitive agreement under which HPE will acquire Juniper in an all-cash transaction for $40.00 per...