Monday, March 30, 2015

Why Intel may be interested in spending over $13 billion on its biggest acquisition ever (INTC, ALTR)

Intel's in talks to acquire chipmaker Altera, in what could be its biggest acquisition ever, the Wall Street Journal reported Friday. Analysts say Intel will have to spend over $13 billion for this deal. In terms of revenue, buying Altera isn’t going to move the needle for Intel, a massive company with over $55 billion in sales. Analysts estimate roughly $2.1 billion, or 4% of revenue, will be added to Intel’s top line following this deal. So why would Intel want to dole out all that money on...-> read more

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