Qualcomm's Interest in Acquiring Intel Cools, Reports Bloomberg

Dow Jones11-26

By Denny Jacob

--Chip giant Qualcomm's interest in pursuing an acquisition of rival Intel has cooled, says Bloomberg, citing people familiar with the matter.

--The complexities associated with acquiring all of Intel has made a deal less attractive to Qualcomm, according to the report. It's possible that Qualcomm may look at pieces of Intel instead or rekindle its interest later, it added.

--Qualcomm made a preliminary approach to Intel on a possible takeover in September. While a deal was likely to attract antitrust scrutiny, it could have been seen as an opportunity to strengthen the U.S.'s competitive edge in chips.

--Representatives for Qualcomm and Intel declined to comment, said Bloomberg.

Full story at https://www.bloomberg.com/news/articles/2024-11-26/qualcomm-s-takeover-interest-in-intel-is-said-to-cool

Write to Denny Jacob at denny.jacob@wsj.com

(END) Dow Jones Newswires

November 26, 2024 06:17 ET (11:17 GMT)

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