Deals
Intel Gains on Report That Qualcomm Made Takeover Approach
- Qualcomm declines on the news, reflecting investors’ concerns
- Intel announced changes earlier this week in comeback bid
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Intel Corp. shares climbed after the Wall Street Journal reported that Qualcomm Inc. approached the company about a takeover, a potential record-setting deal for the chip industry.
The discussions occurred in recent days, the newspaper said, citing unnamed people familiar with the situation. Even so, a deal is far from certain, according to the Journal. Representatives for Intel and Qualcomm declined to comment.