Deals
Qualcomm's Jacobs to Leave Board as He Explores Acquisition
- Jacobs disappointed by ouster, says going private has merits
- Chipmaker says it will evaluate any bid from ex-chairman
Paul Jacobs
Photographer: Misha Friedman/BloombergThis article is for subscribers only.
Qualcomm Inc. said director Paul Jacobs, son of the chipmaker’s founder and a former chief executive officer, will leave the board after he decided to explore an acquisition of the company.
"The board reached that decision following his notification to the board that he has decided to explore the possibility of making a proposal to acquire Qualcomm," the company said in a statement on Friday.