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Intel close to deal to buy Altera for $16 billion: sources

May 30, 2015    

Intel Corp has resumed negotiations to buy smaller chip maker Altera Corp and is close to a $16 billion acquisition agreement, people familiar with the matter said.The price for Altera could be as much as $54 per share, a 15 percent premium over its Thursday closing price of $46.97. That would value Altera at more than $16 billion, according to one of the people.The deal could be reached in the coming days, the sources said, cautioning that no agreement was certain and asking not to be identified because the negotiations are confidential. Intel and Altera did not respond to requests for commen...

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