Qualcomm approached Intel about potential takeover, WSJ reports

Qualcomm (QCOM) made a takeover approach to Intel (INTC) in recent days, people familiar with the matter told The Wall Street Journal’s Lauren Thomas and Laura Cooper. Such a deal would be “massive and come at a time when the chipmaker is sputtering,” the report stated. In Friday afternoon trading following initial headlines from the Journal’s report, shares of Qualcomm are down over 4%, while those of Intel are up about 6%.