Wednesday 24 January 2018

Intel, Altera resume $13bn deal talks: report

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.

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.


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