Trending: Qualcomm Talked to Intel About Takeover Bid, WSJ Reports
9:51 ET--Qualcomm is one of the most mentioned companies in the U.S. across all news items in the past 12 hours, according to Factiva data. Qualcomm made a takeover approach to rival Intel in recent days, according to people familiar with the matter, The Wall Street Journal reported. A deal is far from certain, the people cautioned. Even if Intel is receptive, a deal of that size is all but certain to attract antitrust scrutiny, though it is also possible it could be seen as an opportunity to strengthen the country's competitive edge in chips. To get the deal done, Qualcomm could intend to sell assets or parts of Intel to other buyers. Dow Jones & Co. owns Factiva. (chris.wack@wsj.com)
(END) Dow Jones Newswires
September 23, 2024 10:06 ET (14:06 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
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