Intel Reportedly To Buy Altera For About $17 Bln

(RTTNews) - Chip maker Intel Corp. (INTC) is expected to announce plan Monday to buy programmable chip maker Altera Corp. (ALTR) for about $17 billion, the Wall Street Journal reported.

The report said Altera stockholders will receive about $54 per share, around the price the company rejected in April during an earlier round of talks.

There is, as always, a chance the deal could fall apart at the last minute.

In Mid-May 2015, the New York Post said that Intel and Altera resumed talks on a potential deal of more than $13 billion after it was stalled in early April.

On Thursday, Avago Technologies Ltd. (AVGO) agreed to acquire Broadcom Corp. (BRCM) for $37 billion in cash and stock.