Nvidia, AMD and Broadcom Signal Interest in Up to $5 Billion of Meta Stock
Photo: TokenPost
Meta disclosed Monday, Oct. 26, that Nvidia, Advanced Micro Devices (AMD) and Broadcom have indicated interest in buying up to a combined $5 billion of its Class A common stock. The nonbinding interest concerns part of a roughly $35 billion offering, and Meta has not disclosed how a potential purchase might be divided among the companies. The concurrent offerings include $22.5 billion in Class A shares and about $12.5 billion in depositary shares tied to mandatory convertible preferred stock. Meta is offering 250 million depositary shares, each representing a one-twentieth interest in a Series A mandatory convertible preferred share.
Source: TokenPost
