Qualcomm approached Intel about acquisition, report claims
Qualcomm approached Intel about acquisition, report claims
The Wall Street Journal reports a deal was discussed, but is "far from certain."
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Broadcom owns Qualcomm too?
No, but they attempted a hostile takeover in 2017 that looked close to succeeding before the President issued an executive order preventing it.
They wanted to, and Qualcomm's board blocked it. They tried to go forward anyway, and Trump stopped them in 2017.
So this is how the tech dark ages start. The last 40yrs are erased, and we end up back in 1979 where everyone is selling a tech stack and nothing is compatible.
Rebuilding around something which isn’t C would be a bright side.
Qualcomm buying Intel would be a top 3 worst case. Broadcom or Marvel would be the other two.
Some funny scenarios: Nvidia buys Intel, IBM buys Intel, Apple buys Intel.
They're not buying the whole of Intel. It sounds like they want to buy one of their divisions, probably their PC division.
I often wonder how such an approach actually happens. One person sends the other a message via Tinder?
What how? Intel is still huge compared to Qualcomm no?
Intel is about 5 times the size of Qualcomm in terms of equity.
i found this article:
Intel's shares closed up 3.3%, while Qualcomm fell 2.9%. Qualcomm, with a market capitalization of $188 billion, is worth about twice as much as Intel.
So based on Intel's shitty stock price, Qualcomm can buy a good chunk of Intel which is enough for voting power I guess. Someone please correct me or add insight to this.