Qualcomm’s Takeover Interest in Intel Is Said to Cool
- A deal would likely have been one of the largest ever in tech
- Qualcomm “hasn’t identified large acquisition,” CEO said
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Qualcomm Inc.’s interest in pursuing an acquisition of Intel Corp. has cooled, according to people familiar with the matter, upending what would have likely been one of the largest technology deals of all time.
The complexities associated with acquiring all of Intel has made a deal less attractive to Qualcomm, said some of the people, asking not to be identified discussing confidential matters. It’s always possible Qualcomm looks at pieces of Intel instead or rekindles its interest later, they added.