Global Foundries to acquire IBM’s chip unit in $1.5b deal

Global Foundries, owned by the Mubadala Development Co, will acquire the loss-making semiconductor unit of IBM and the $1.5 billion deal will make the Abu Dhabi government’s investment fund the holder of one of the largest semiconductor patent portfolios in the world.
http://gulfnews.com/business/technology/global-foundries-to-acquire-ibm-s-chip-unit-in-1-5b-deal-1.1401566