Intel calls off talks to buy Altera, CNBC reports

April 9, 2015 3:43 PM

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CNBC reported that Intel had offered more than $50 a share for Altera - the stock was trading below $35 a share before word of a potential deal got out last month. But Altera apparently found that insufficient.

An Altera deal would have marked a departure for Intel, expanding beyond its core business in computer microprocessors to programmable chips that play specialized functions in a wide variety of electronics.

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