Market Chatter: Qualcomm's Interest in Acquiring Intel Cools Down

MT Newswires Live11-26

Qualcomm's (QCOM) takeover interest in Intel (INTC) is cooling down amid complexities related to the potential transaction, Bloomberg News reported Monday, citing unnamed sources familiar with the matter.

Sources also told Bloomberg that Qualcomm could still reconsider the takeover later or look into acquiring portions of Intel instead.

Qualcomm and Intel did not immediately respond to MT Newswires' request for comments.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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