Intel shares pop on report Qualcomm has approached it about takeover

Qualcomm approached Intel about a takeover in recent days, the Wall Street Journal reported on Friday, citing people familiar with the matter. Intel shares rose 8% on the report. The deal, if it were to happen, would be one of the largest technology mergers in years. Intel has a market cap around $96 billion.It would cap off a dire stretch for Intel. The company's stock had its biggest one-day drop in over 50 years in August after the firm reported disappointing earnings. Intel stock is down 53% in 2024 as ...