What's Next For Qualcomm Now That Broadcom's Hostile Takeover Is No Longer An Option?
Qualcomm is safe from Broadcom’s hostile takeover after President Trump blocked the deal last week over national security concerns. But there could still be turmoil at San Diego’s biggest public company. Qualcomm’s shareholders will meet Friday to vote on a new board of directors.
The company has said Paul Jacobs, son of Qualcomm founder Irwin Jacobs, will not be renominated to the board, making it the first time without a Jacobs family member in leadership since the company’s founding.
The decision not to renominate Paul Jacobs was in response to news that he was exploring options for buying the company himself.
Mike Freeman, technology reporter for The San Diego Union-Tribune joins Midday Edition Thursday to discuss what is next for the company.