A Late-Friday Takeover Report Fires Up Intel's Stock

Key TakeawaysA late-Friday report that Qualcomm recently made a "takeover approach" to Intel sent the latter company's shares higher.Investors in Intel have read a raft of reports about possible M&A activity this week, with the company seemingly taking some options off the table.Intel shares have lost more than half their value since the start of the year amid concerns about the chipmaker's ability to turn around the business. Shares of chipmaker Intel (INTC) popped in extended trading Friday, pulled higher ...