According to a report from Business Insider, the ballyhooed acquisition of chipmaker Altera by bigger chipmaker Intel is being held up by an age-old problem; the historically aggressive, tenaciously mean, scary-ass French.
One banker, who is not working on the deal, told Business Insider a potential sticking point in the deal are French regulators. He said they would prefer a strategic investor buy Altera, instead of a private equity firm.
Yeah, we know. Chilling.
It's easy to see how Intel, with it's $155 billion market cap could be running in terror from what we assume are a gaggle of Gerard Depardieu clones in a government office pouting their lower lips and ashing their cigarillos all over compliance documents.
But hey $15 billion - the widely-rumored price tag for Altera - is a lot of coin, and it might be enough to scare off Andy Grove's descendants from acquiring a growing rival.
That said, we feel confident that if Intel reallty wanted this to happen, they could find a way to make the rough and tumble French government say "Allors! Just take the company for billions of your dollars, you bourgeois cows."