Report: Intel Considers Buying Broadcom

From PC Mag: If a Broadcom-Qualcomm merger becomes likely, Intel may intervene. It's reportedly considering a bid for Broadcom.

Intel has been watching Broadcom's hostile takeover of Qualcomm, knowing that a potential tie-up represents a "serious competitive threat," according to a new report from The Wall Street Journal, citing unnamed sources.

Intel is "eager" for the takeover attempt to fail, the report said. Nevertheless, the company has been preparing a range of fallback plans, including a possible acquisition of Broadcom itself.

On Friday, Intel declined to comment on the report. However, a company spokeswoman said it was still focusing on integrating two previous acquisitions, Mobileye and Altera, into Intel's business. Together, both those purchases cost the company over $30 billion.

A potential bid for Broadcom would surpass that amount; it has a market value of around $104 billion.

Broadcom hasn't commented on the report. Since November, the company has been trying to acquire Qualcomm, a major provider of smartphone chips and a key rival to Intel.

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