Lauren Thomas, Laura Cooper and Asa Fitch, reporting for WSJ;
Chip giant Qualcomm made a takeover approach to rival Intel in recent days, according to people familiar with the matter, in what would be one of the largest and most consequential deals in recent years.
A deal for Intel, which has a market value of roughly $90 billion, would come as the chip maker has been suffering through one of the most significant crises in its five-decade history.
This is big in so many different levels!
In a report by NY Times, “Qualcomm has not yet made an official offer for Intel.”
