Former Qualcomm chairman explores long-shot bid for US chip maker: Sources

Jacobs is attempting to put together the largest leveraged buyout of all time, three times as large as the $45 billion buyout of Texas power utility Energy Future Holdings, which ended in bankruptcy

Former Qualcomm Inc Chairman Paul Jacobs has informed its board of directors that he will seek to partner with investment firms to make an offer for the US semiconductor company, people familiar with the matter said on Thursday.

Jacobs’ attempt to put together an offer comes just a few days after Qualcomm fended off a $117 billion hostile bid from Singapore-based rival Broadcom Ltd thanks to an order by US President Donald Trump prohibiting the deal due to national security concerns.

Qualcomm does not view Jacobs’ attempt to put together a buyout bid as credible, the sources said. Jacobs has held talks