(Bloomberg News) -- Altera Corp. shares rose as much as 6.4 percent after the New York Post reported that talks resumed about a possible buyout by Intel Corp.

Intel, the world’s largest chipmaker, has been looking for growth beyond the struggling personal-computer market. A resolution of the discussions with Altera is expected within a few weeks, the New York Post said, citing an unidentified person with direct knowledge of the talks.

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