Former Qualcomm CEO Paul Jacobs is reportedly seeking to take the San Diego company private after Broadcom’s failed attempt to acquire the wireless pioneer.
The London-based Financial Times is reporting that Jacobs has approached several global investors in an effort to acquire the company founded by his father, in what would be one of the largest buyout deals in history.
SoftBank, a Japanese investment firm, is reportedly one of the potential partners approached by Jacobs.
Qualcomm stock was trading near $63 on Thursday night, up nearly 5 percent.
Broadcom’s $117 billion unsolicited bid for Qualcomm was withdrawn Thursday after President Trump blocked the sale on national security grounds.
Jacobs, who was CEO from 2005 to 2014, resigned as executive chairman of Qualcomm’s board during the takeover battle.
