Analysts cool on Intel/Altera combo

Analysts cool on Intel/Altera combo

Business news |
By eeNews Europe

On Friday, the Wall Street Journal and Reuters reported Intel was in talks to acquire Altera. The FPGA maker’s stock shot up from $34.74 to $44.41 within thirty minutes, pushing the price of what would be Intel’s largest acquisition ever from $10 billion to $13 billion. Altera’s stock price cooled slightly Monday to about $42.

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