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EU: Intel to secure EU’s okay for $16.7 billion Altera deal

By  |  October 11, 2015

European Union antitrust regulators are set to approve US chipmaker Intel Corp’s $16.7 billion offer for Altera Corp without requiring concessions, two people familiar with the matter said on Friday.

The world No. 1 chipmaker is making its largest acquisition to reinforce its portfolio of higher-margin chips used in data centers and boost its business in household devices linked to the Internet.

Altera makes programmable chips used to speed up web searches, among other uses. The proposed takeover is one of three big deals in the highly fragmented chip industry this year.

Full content: Business Insider

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