Texas Instruments in advanced talks to buy Silicon Labs for about $7B, FT report

Texas Instruments (TXN) is in advanced talks to acquire Silicon Labs (SLAB) for about $7B and a deal could come together in the coming days, The Financial Times’ Oliver Barnes and Michael Acton report. According to people familiar with the matter, a deal is likely to value Silicon Labs at roughly $7B, a premium to its market capitalization of $4.4B, as of Tuesday afternoon.