Intel Corp. rocketed as much as 5% in premarket trade on Monday after media reports suggested it is nearing a deal to sell chip manufacturer Altera Corp. to Silver Lake Technology Management L.L.C. The company is allegedly valued at $9 billion, compared to almost $17 billion paid by Intel to buy it in 2015.
Intel jumped 4.81% at 6:48 am ET, going for $20.66.
