In short, Intel Capital is seeking a buyer for those investments that no longer match up with the current strategic goals of its parent company under CEO Brian Krzanich. The deal could be valued at upwards of $1 billion, with UBS managing the process.
Fortune has now obtained a memo subsequently sent to all Intel Capital portfolio companies by group head Wendell Brooks, in an apparently attempt to soothe nerves. Here it is:
An Intel Capital spokesman confirmed the memo’s authenticity.