Article Source CNET
June 4, 2009, 9:00 am

Chip giant Intel is set to acquire Wind River Systems, a maker of software for embedded devices.

Intel has entered into a definitive agreement to buy Wind River for $11.50 per share in cash, which works out to a total value of approximately $884 million, Wind River said Thursday. Wind River would become a wholly owned subsidiary of Intel, reporting to the chipmaker's Software and Services Group, headed by Renee James...