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The news is not that surprising, though it is still significant.
Bloomberg’s sources cited the complexities surrounding the potential purchase as a reason interest from Qualcomm may have weakened.
Intel continues to produce chips that power millions of PCs but the company is struggling in several key areas.
To say Intel has struggled recently is an understatement.
The companyreported a $1.6 billion lossrecently and announced that it wouldlay off over 10,000 employees.
But an empathetic statement likely did little to reduce the sting felt by those affected.
The struggles of the company have resulted in $50 billion of debt.
That debt is one fact that increases the complexity of a potential purchase of Intel by Qualcomm.
Would Qualcomm be able to acquire Intel?
Intel has a $50 billion debt that would need to be taken care of.
The mention of complexities by Bloomberg’s sources did not shed a ton of light on specifics.
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