Intel Reportedly Nears Deal To Buy Altera For About $15 Bln

(RTTNews) - Chip maker Intel Corp. (INTC) is close to a deal to buy programmable chip maker Altera Corp. (ALTR) for about $15 billion, the New York Post reported.

The price could be for as much as $54 a share, or a 15 percent premium over Altera's Thursday closing price of $46.97, the report said quoting a source close to the situation.

"A deal is likely by the end of next week," who also cautioned that the talks could still fall apart, the report said.

Last week, 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.