Intel, Altera resume $13bn deal talks: report
Published 18/05/2015 | 14:46
Chipmakers Intel and Altera Corp have resumed talks on a possible deal that could top $13bn, according to reports.
Earlier discussions on a deal fell through as the companies were unable to agree on a price, Reuters reported in April.
However, Altera's shares jumped 7pc to $47.50 in premarket trading on Monday, while Intel's shares were up slightly at $33.15.
One way or the other, an outcome is expected in a few weeks, the New York Post said, citing a person familiar with the matter.
Intel and Altera could not immediately be reached for comment.
Deal talks between the two companies first surfaced in March, in Intel's biggest acquisition ever.