Baupost Group Takes a Large Stake in Intel

The computer-chip giant has also been targeted by activist hedge fund Third Point.

(David Paul Morris/Bloomberg)

(David Paul Morris/Bloomberg)

Seth Klarman’s Baupost Group initiated a huge new stake in Intel Corp. in the fourth quarter.

The hedge fund firm bought more than 18 million shares valued at over $900 million, immediately making the computer-chip maker the firm’s third-largest long position in U.S.

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