Date
25 May 2017
Intel is likely to announce next week its largest ever acquisition deal, according to a report. Photo: Bloomberg
Intel is likely to announce next week its largest ever acquisition deal, according to a report. Photo: Bloomberg

Intel said to be nearing US$15 bln deal for Altera

Intel Corp is close to reaching an agreement to buy fellow chipmaker Altera Corp. for about US$15 billion, the New York Post reported.

The price could be for as much as US$54 a share, a 15 percent premium over Altera’s Thursday closing price of US$46.97, the paper said, citing a source familiar with the matter.

“A deal is likely by the end of next week,” the source was quoted as saying.

However, there is a possibility that the discussions could still fall apart, the person said.

The deal, if it materializes, would mark the biggest acquisition ever for Intel.

Meanwhile, the report said that Intel is not interested in making a counter-bid against Avago Technologies for Broadcom.

Avago announced Thursday that it was acquiring Broadcoam for US$37 billion, in the largest merger in the semiconductor industry.

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RC

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