Wednesday November 28, 2012

AMD Plans to Sell Texas Campus To Raise Cash

Anyone want to buy AMD's Austin campus and then lease it back to the company? It's only $200M and I hear the building has good tenants. wink

"There are favorable economic conditions in the part of Austin where the campus is located," Prairie said. "Contingent on finding an investor who wants to do a multiyear lease-back, it's a good opportunity for us to unlock the value of the real estate to fund operations."