08:53 AM EDT, 09/19/2024 (MT Newswires) -- Oracle-backed (ORCL) Ampere Computing is exploring a potential sale, Bloomberg reported Thursday, citing people with knowledge of the matter.

The chip designer has been fielding interest from potential suitors with the help of a financial advisor, according to the report.

Discussions are ongoing and the company could remain independent, though it is no longer pursuing a public offering in the near term, Bloomberg reported.

Ampere did not immediately reply to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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