Intel is close to a deal to buy smaller chip maker Altera Corp for about $15 billion, the New York Post reported, SIA informs citing the Reuters.
The deal price could be as much as $54 a share, a 15 percent premium over Altera's Thursday closing price of $46.97, the New York Post reported, citing a source close to the situation. =
Intel signed a standstill agreement earlier this year with Altera that expires on June 1, giving the world's largest chipmaker the option to launch a hostile bid after that, Reuters reported in April, citing sources.
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