Altera to Be Acquired by Intel for $16.7 Billion

On June 1, 2015, Intel Corporation and Altera Corporation announced a definitive agreement under which Intel will acquire Altera for $54 per share in an all-cash transaction valued at approximately $16.7 billion. Wilson Sonsini Goodrich & Rosati is advising Altera in the transaction.

According to a joint company press release, the acquisition will couple Intel's leading-edge products and manufacturing process with Altera's leading field-programmable gate array (FPGA) technology. The combination is expected to enable new classes of products that meet customer needs in the data center and Internet of Things market segments. Intel plans to offer Altera's FPGA products with Intel Xeon® processors as highly customized, integrated products. The companies also expect to enhance Altera's products through design and manufacturing improvements resulting from Intel's integrated device manufacturing model.

The transaction has been unanimously approved by the Intel and Altera boards of directors and is subject to certain regulatory approvals and customary closing conditions, including the approval of Altera's stockholders.

The WSGR team advising Altera includes:

Corporate and M&A
Marty Korman
Katie Martin
Brad Finkelstein
Mark Fitzgerald
Sacha Ross
Mark Bass
Peter Chess
Sasha Hahn
Douglas Schnell
Melissa Smit
Matt Termine
Amanda Urquiza

Paul Jin
Scott Sher
Ben Labow
Christopher Williams

Employee Benefits & Compensation
John Aguirre
Michael Klippert
Sriram Krishnamurthy
Cisco Palao-Ricketts

Employment Law
Rico Rosales
Josh Kuns
Rebecca Stuart

Boris Feldman
Elizabeth Peterson
Gideon Schor
Aaron Benjamin
Michael Petroceli

Real Estate & Environmental
James McCann
Kimberly McMorrow
Zach Crowley

Donald Vieira
Lawrence Perrone

Export Controls
Josephine Aiello LeBeau
Anne Seymour

Ivan Humphreys
Lauren Chase

Technology Transactions
Kira Kimhi
Tracy Rubin
Matthew Sumida

For information, please see the transaction website: