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Intel, Altera Resume Deal Talks: NY Post

Monday, 18 May 2015 02:19 PM

Chipmakers Intel Corp. and Altera Corp. have resumed talks on a possible deal that could top $13 billion, the New York Post reported.

Earlier discussions on a deal fell through as the companies were unable to agree on a price, Reuters reported in April.

Altera's shares jumped 7 percent 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 newspaper 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 and media reports suggested that a potential deal could top $10 billion, making it Intel's biggest acquisition ever.

© 2017 Thomson/Reuters. All rights reserved.

 
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Chipmakers Intel Corp. and Altera Corp. have resumed talks on a possible deal that could top $13 billion, the New York Post reported.Earlier discussions on a deal fell through as the companies were unable to agree on a price, Reuters reported in April.Altera's shares jumped...
chip makers, intel, altera, post
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2015-19-18
Monday, 18 May 2015 02:19 PM
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