Several media outlets report that Intel has been approached by Qualcomm for a potential takeover, showing that the acquisition saga hasn't ended.
Qualcomm Decided To Play The "Wild Card" By Reportedly Approaching Intel For a Business Takeover The Intel-Qualcomm acquisition fiasco seemed to have taken a new turn today after multiple prominent media outlets, notably The Wall Street Journal, reported on this particular topic, which shows that the matter is far from being resolved.
For those unaware, rumors surrounding Qualcomm's purchase of Intel were initially sparked when it was said that the chipmaker would be looking to buy some elements of Team Blue's chip business, likely the designing division, but after that, the rumor eventually molded into a complete acquisition, from head to toe. Related Story Intel’s Nova Lake-S Desktop CPU Successor Might Be Called Razer Lake-SNow, WSJ reports that Qualcomm approached Intel with the acquisition offer, and the firm's CEO, Cristiano Amon, was directly involved in the negotiations.
The meeting's motive was to strike a deal with Intel, whether it was a ground-up acquisition or even purchasing some aspects of the company.
It's important to note that no formal breakthrough has been taken yet. If we look at the bigger picture, Qualcomm's acquisition of Intel seems far from happening, although the markets can sometimes be unpredictable.