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Intel to buy Wind River for $884 million

The acquisition is intended to help Intel grow beyond its PC and server areas of strength, and into embedded systems and mobile devices.

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Jon Skillings is an editorial director at CNET, where he's worked since 2000. A born browser of dictionaries, he honed his language skills as a US Army linguist (Polish and German) before diving into editing for tech publications -- including at PC Week and the IDG News Service -- back when the web was just getting under way, and even a little before. For CNET, he's written on topics from GPS, AI and 5G to James Bond, aircraft, astronauts, brass instruments and music streaming services.
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Chip giant Intel is set to acquire Wind River Systems, a maker of software for embedded devices.

Intel has entered 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.

The pending acquisition, Wind River said, would fit into "Intel's strategy to grow its processor and software presence outside the traditional PC and server market segments, into embedded systems and mobile handheld devices."

Embedded systems can include consumer electronics devices, car dashboard gear, and networking equipment.

During its fiscal year that ended in January, Wind River had revenue of $359.7 million. The Alameda, Calif.-based company has more than 1,600 employees.

The acquisition is expected to close this summer, pending regulatory approvals and other conditions.

For a more in-depth look at the acquisition, see "Wind River buy makes Intel a software company."