Qualcomm (QCOM) made a takeover approach to Intel (INTC) in recent days, people familiar with the matter told The Wall Street Journal’s Lauren Thomas and Laura Cooper. Such a deal would be “massive and come at a time when the chipmaker is sputtering,” the report stated. In Friday afternoon trading following initial headlines from the Journal’s report, shares of Qualcomm are down over 4%, while those of Intel are up about 6%.
Source: Tipranks reporting on WSJ story.
I don't have a subscription to WSJ and the usual archive links aren't working so if anyone has the actual full text of the article please feel free to share.
Assuming this report is legit, how would you play this scenario?
Leave a Reply