Intel Corp is near a deal to acquire Altera Corp in a purchase that would take out yet another chipmaker and add to a record year for industry consolidation, people with knowledge of the matter said.
The world’s largest chipmaker might reach a deal for Altera as soon as this weekend, the people said, asking not to be identified discussing private information.
The chipmakers have held on-again, off-again talks since earlier this year. Early last month, people with knowledge of the matter said Altera had rejected an offer of about US$54 per share, breaking off talks. Terms of the deal, which could still fall apart, have not been divulged.
Altera stock rose 4 percent in Friday trading to US$48.85 after the New York Post reported the two companies were in talks again, ending with a market value of nearly US$15 billion.
Altera’s earlier rejection spurred some shareholders to pressure the company to reconsider an offer they thought valued Altera higher than it could reach on its own.
The largest deal ever in the US$300 billion semiconductor business was announced on Thursday when Avago Technologies Ltd agreed to buy Broadcom Corp for US$37 billion.
Intel, like other chipmakers, is seeking a way to mitigate slowing growth amid rising costs.
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