Analog devices is nearing an offer buying rival semiconductor maker maxim integrated goods in an all-stock deal worth $20bn, relating to men and women briefed on matter.

The offer, that could be launched when monday, would position as one of the many years largest takeovers after months of muted task.

The takeover would create an organization with a combined enterprise worth of nearly $70bn.

Maxim, located in san jose, california, had market worth of $17bn since friday. the group makes semiconductors utilized in cars, ultrasound devices and smart phones and created $2.3bn in income in its last fiscal year.

A bargain would mark the greatest takeover by analog since it agreed to buy linear tech for $14.8bn four years ago.

Analog and maxim declined to review.

The news headlines was first reported because of the wall street journal.