Why Xilinx Stock Surged Today
Shares of Xilinx (NASDAQ: XLNX) jumped 14% on Friday, following reports that the semiconductor company was in takeover talks.
Advanced Micro Devices (NASDAQ: AMD) is in advanced negotiations to acquire Xilinx for as much as $30 billion, according to The Wall Street Journal. The companies could reach an agreement as early as next week, though the Journal cautions that talks could fall through.
AMD could make a bid for Xilinx. Image source: Getty Images.
Source Fool.com
