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ARM denies talking with potential dark horse buyer for Qualcomm

After being ousted through Qualcomm’s board of administrators, former chairman Paul Jacobs has been running on a bid to shop for again the corporate his dad co-founded and take it personal.

CNBC had reported this week that Jacobs had made some development with personal and sovereign fund runners in addition to ARM, the main fashion designer of cellular processor architectures — Qualcomm’s Snapdragon chipsets have lengthy used ARM’s Cortex cores and the preliminary Kryo design was once primarily based off an ARM design.

After listening to of the document, SoftBank-owned ARM denied that it had talked with Jacobs at the matter.

Other folks aware of Jacobs wants say that the one manner he can enact his imaginative and prescient for Qualcomm, which might be stored in combination as a unmarried unit, could be to take the corporate personal, even with the assistance of many backers. In contrast to earlier stalking horse Broadcom, he would take care of the corporate’s licensing industry, however reform its operations to have it turn out to be probably the most winning department.

Jacobs owns 1 % of Qualcomm’s exceptional stocks which, all in combination, are valued at $90 billion.

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