Qualcomm buying Intel? Wall Street thinks the chances are remote
Wall Street investors and analysts shrugged off a report that Qualcomm had made an offer to buy Intel, concluding that the chances of such a deal coming together are extremely remote.
“We believe the challenges overwhelm the potential benefits,” Bank of America analyst Vivek Arya wrote in a note to clients Monday. He and other analysts essentially ruled out a Qualcomm deal, citing financial and regulatory obstacles and Friday’s takeover report — from The Wall Street Journal — had very modest impact on the two companies’ stock.