Drastically reduce the strength or effectiveness of (something): "plant viruses that can decimate yields".
decimated Intel's offer.
Drastically reduce the effectiveness of Intel's offer.
It fits exactly. Not only that, but you could also say:
Destroyed Intel's offer. (Def 1)
Decimate is the right word choice and it conveyed the intensity of how badly Finance Co. beat Intel's offer. Your definition of decimate may be used by heavy quants but it doesn't fit everyday usage.
Drastically reduce the strength or effectiveness of (something): "plant viruses that can decimate yields".
decimated Intel's offer.
Drastically reduce the effectiveness of Intel's offer.
It fits exactly. Not only that, but you could also say:
Destroyed Intel's offer. (Def 1)
Decimate is the right word choice and it conveyed the intensity of how badly Finance Co. beat Intel's offer. Your definition of decimate may be used by heavy quants but it doesn't fit everyday usage.