In 2008 Carl Icahn invested in 1.6 million shares of AMD. His intent was to compel a sale of the company.
To his dismay, however, after he became an insider on account of his material stake, he learned that the then-confidential Intel x86 patent license on which all of AMD's x86 revenue depends, contained a provision allowing Intel to terminate the right, and with it AMD's or a successor's right to sell x86 chips and receive x86 revenues, upon a change in control.
He then dumped his entire position in early 2009.
In 2010, Intel entered into a consent decree with the FTC. As part of that decree, the very same change of control provision in the x86 license to AMD was quoted and made part of the public record. The FTC expressly acknowledged that Intel could either (a) grant the buyer a license subject to payment of additional license fees or (b) terminate the license and forbid the buyer from using x86 technology, so long as Intel discussed terms for potentially granting such a license for a period of 12 months AFTER AMD's change in control.
What this means is that anyone buying AMD now does so facing the possibility that, in 12 month, it may be required by Intel to pay additional billions of dollars on top of what it paid for AMD in order to retain the right to sell x86 chips or that it may be denied the right to sell x86 chips altogether, reducing AMD's revenue stream instantaneously by 95%, making whatever the buyer paid for AMD a much too high price.
Because these terms are now public record, no one will ever again make the mistake poor Carl Icahn made in 2008.
You lie, Arabs bought last year 107 million of shares of AMD, and why don't INTEL to force MUBADALA DEVELOPMENT CO PJSC to give billions to them, because they can't, and wont don't lie any more........