Deals
Qualcomm Ex-Chairman Seeks Funding for Buyout, FT Reports
- Shareholders turned against management in Broadcom deal fight
- Broadcom says Qualcomm board getting little support in vote
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Former Qualcomm Inc. chairman Paul Jacobs has approached several investors in a bid to acquire the chipmaker, which he once ran and was founded by his father, the Financial Times reported without identifying how it obtained the information.
Jacobs has informed Qualcomm’s board of his plans and approached companies including Japan’s SoftBank Group to become one of the investors, according to the FT. A buyout of Qualcomm, which has a market capitalization of $88.7 billion, would be one of the largest in history.