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Could Qualcomm’s Former Boss Succeed Where Broadcom Failed?

Rachel Gunter
Could Qualcomm’s Former Boss Succeed Where Broadcom Failed?

Paul Jacobs, son of Qualcomm (QCOM) co-founder Irwin Jacobs, is making progress in lining up funding toward his goal of taking the company private, according to reports by CNBC and Bloomberg. Jacobs, former Qualcomm CEO and chairman, could launch a bid for Qualcomm in the next two months. Jacobs decided not to seek re-election for a seat on Qualcomm’s board at the company’s March annual shareholder meeting. Jacobs, who has reportedly received commitments from sovereign wealth funds and strategic investors to finance the takeover of Qualcomm, now sees a ~50% chance of completing a deal.