Intel may be about to drop $10 billion on what could be its biggest acquisition ever

Intel is in talks to buy Altera, The Wall Street Journal reports.

It could be Intel's biggest acquisition ever - Altera had a market value of $10.4 billion as of Friday. At the time of writing, Altera stock is up 22%.

The report didn't include any information about the terms of the potential deal or when it could happen. Intel and Altera already work together; the two companies announced a manufacturing partnership about one year ago.

Intel's largest acquisition to date came in 2010 when it acquired McAfee for $7.68 billion.