Deals
Activist Jana Calls for Qualcomm to Weigh Chip Unit Spinoff
Should Qualcomm Spinoff It’s Chipset Business?
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Qualcomm Inc. should consider spinning off its chipset business as part of a strategic review of options to boost shareholder value, activist investor Barry Rosenstein said.
Separating the unit, which makes chips for mobile phones, could make it a takeover target, Rosenstein said Monday at 13D Monitor’s Active-Passive Investor Summit in New York. Rosenstein’s Jana Partners, which has invested more than $2 billion in Qualcomm, has held talks with the company’s management, he said.