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Intel to Buy Wind River for $884 Million

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...

 

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