Intel Corp. (INTC) is nearing a deal to buy chip-making rival Altera Corp. (ALTR) for about $15 billion, The New York Post reported late Thursday, citing a person close to the matter. The bid could be for as much as $54 a share, or 15% higher than Altera's closing price of $46.97 Thursday, the source said.

Shares of Altera rose 6.1% in premarket trading Friday to $49.85. Intel shares rose 0.4% to $34.15.

Full story at http://nypost.com/2015/05/28/intel-nears-15b-deal-to-purchase-altera/

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