Deal valued upwards of $10 billion. http://www.bit-tech.net/news/hardware/2015/03/30/intel-altera-rumour/1
I personally find this a little annoying. Intel is like the whiney spoiled child who gets everything he wants simply because he wants it and has the money for it. Intel: you don't HAVE to get into every market that involves a well-selling processor. It's not like Altera will ever be a threat to Intel. Unlike companies like EA, Intel doesn't destroy everything they touch. But I'd rather them focus on improving their own hardware than buy out someone else and slap a higher price tag on it due to the name.