Deals
Intel's M&A Chief Has Incentive to Improve Deal Track Record
- Chipmaker closes $16.7 billion purchase of Altera Corp.
- Greater focus on follow-through to make merger a success
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Intel Corp. Vice President Wendell Brooks, a former investment banker who now heads the chipmaker’s merger and acquisitions efforts, said he has an extra incentive to make sure the company’s biggest-ever purchase pays off better than previous deals.
The company on Monday closed its $16.7 billion acquisition of Altera Corp., adding programmable chips to its efforts to cement market dominance for server components and expand into new areas such as the increasing use of computing in cars and industrial equipment.