Rumor: Apple interested in buying ARM, Intel in Infineon

Posted on Wednesday, April 21 2010 @ 18:35 CEST by Thomas De Maesschalck

Reuters reports shares of ARM and Infineon shot up today on speculation that these firms may be takeover candidates for Apple and Intel, respectively.

Shares in Infineon were lifted by takeover talk, with traders mentioning Intel (INTC.O) as a potential acquirer. Infineon and Intel declined to comment.

The Financial Times reported on renewed speculation that ARM could be a takeover target, mentioning Apple as a possible suitor.

"ARM is up on a combination of bid speculation in the press today and Apple's strong results last night, said one London-based analyst.

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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