Intel-Altera $15B deal nears conclusion

Intel close to purchasing smaller chip maker Altera for $15 billion, NY Post reports

Photo by: Reuters
Photo by: Reuters

Updated Jul 28, 2015

Microchip giant Intel is about to conclude a $15 billion purchase of smaller chip maker Altera, the New York Post has reported.

The deal price could be for as much as $54 a share, or a 15 percent premium over Altera’s Thursday closing price, the newspaper wrote, citing “a source close to the situation.”

"A deal is likely by the end of next week,” the source told NY Post, cautioning about the possibility of the deal falling apart.

Altera reportedly rejected an Intel $54 per share offer in April and then broke off talks.

The Intel-Altera deal will be the second deal in the industry following Avago Technologies buying Broadcom for $37 billion.

TRTWorld and agencies