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Freescale Semiconductor has hired bankers to explore possible sale – NY Post

(Reuters) – Chip maker Freescale Semiconductor has hired investment bankers to explore a possible sale, the New York Post reported, citing a source familiar with the situation.

The name of the prospective buyer could not be learned, the New York Post said.

Last month, Bloomberg reported that Samsung Electronics may consider buying Freescale, which makes chips used in automobiles, consumer products, telecommunications infrastructure and industrial equipment.

Freescale went public in 2011 after being taken private in 2006 for $17.6 billion in a leveraged buyout by a group of private equity firms that included Blackstone Group, Carlyle Group and TPG Capital.

Freescale Semiconductor, its private-equity owners and Samsung Electronics were not immediately available for comment.