Deals
Intel Is Said to Be in Talks to Acquire Chipmaker Altera
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Intel Corp. is in talks to acquire Altera Corp., people with knowledge of the matter said, as the world’s largest chipmaker searches for growth beyond a moribund personal-computer market.
The people asked not to be identified discussing private information. The Wall Street Journal reported earlier on the discussions. Altera shares jumped 28 percent to $44.39 at the close in New York, giving the company a valuation of about $13.4 billion. Intel rose 6.4 percent to $32.