(Reuters) - Intel Corp agreed to buy Altera Corp for $16.7 billion as the world's biggest chipmaker seeks to make up for slowing demand from the PC industry by expanding its line-up of higher-margin chips used in data centers.
By combining with Altera, Intel will be able to bundle its processing chips with the smaller company's programmable chips, which are used, among other things, to speed up Web-searches.
Intel said it would offer $54 per share in cash, a 10.5 percent premium to Altera's closing price on Friday.
Altera, based in San Jose, California, rejected an earlier unsolicited offer of $54 per share from Intel in April, a person familiar with the matter had told Reuters.
The deal is the third big one in the highly fragmented chip industry this year. Avago Technologies Ltd
(Reporting By Lehar Maan in Bengaluru; Editing by Ted Kerr)
Relacionados
- Intel está cerrando acuerdo para hacerse con el control de Altera
- Intel, a punto de hacerse con Altera por 13.666 millones de euros
- Intel entra en la guerra por la consolidación del sector de los microchips y procesadores
- Intel entra en la guerra por la consolidación del sector de los microchips y procesadores
- Intel, cerca de cerrar un acuerdo de 15.000 mln dlr para comprar Altera, según el NY Post
