According to sources linked to The Wall Street Journal, Qualcomm recently made an offer to acquire Intel’s business. This potential deal could be one of the largest acquisitions in recent history and is likely to have numerous implications, particularly in terms of conducting due diligence on the business ties.
Intel’s business is currently valued at $93 billion based on the latest stock price, while Qualcomm sits at $189 billion. Intel’s stock price has plummeted by as much as 60% in the past year, with its business value peaking at $290 billion in 2020.
As a company specializing in chip manufacturing for smartphones and communication devices, Qualcomm’s acquisition of Intel’s business would expand its portfolio to include a wider range of PC and server products, enhancing its overall business diversity.
CNBC reached out to both Qualcomm and Intel for further details on this news report but was denied.
TLDR: Qualcomm has made a bid to acquire Intel’s business, potentially leading to a major deal with significant implications for both companies.
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