- CNBC sources confirm FT’s story that former Qualcomm (NASDAQ:QCOM) chairman Paul Jacobs wants to take the company private.
- Jacobs sent a letter to the board to express this wish and noted that he’d been interested in doing this once before.
- CNBC source: “I think [Jacobs] snapped.”
- In other Qualcomm news, the company once again extended its deadline for the acquisition of NXP Semiconductors (NXPI -0.1%). The new extension expires March 23.
- Qualcomm notes in the press release that 56,605,079 NXP shares or about 16.5% of outstanding NXP shares have been tendered. That’s down from last week’s reported 65,276,925 or 19% of outstanding shares.
- Qualcomm shares are up 1.5% to $60.77.
- Previously: FT: Former Qualcomm chairman seeks funding for leveraged buyout (March 15)