Thursday 8 December 2016

Intel, Altera resume $13bn deal talks: report

Published 18/05/2015 | 14:46

The Intel site
The Intel site

Chipmakers Intel and Altera Corp have resumed talks on a possible deal that could top $13bn, according to reports.

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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.

Reuters

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