Paul Jacobs, the recently demoted chairman of Qualcomm, has approached several investors about a possible takeover of the chipmaker founded by his father. Following Broadcom's blocked bid for Qualcomm, he is seeking the help of investors such as Softbank to take the company private, the Financial Times reports.
Jacobs, who is still a director at Qualcomm, has informed members of the board about his plan to launch a buyout, according to three people with direct knowledge about the matter.
It was unclear whether SoftBank will team up with Mr Jacobs, although several people close to the matter said Jacobs’ personal ties with founder Masayoshi Son could facilitate the deal. Qualcomm is already an investor in Softbank's Vision Fund.
Both companies declined to comment.
