Business Corpus: Intel Could Hijack Qualcomm Takeover By Buying Broadcom: WSJIntel is reportedly considering an audacious move to acquire Broadcom to hijack its attempt to takeover Qualcomm.

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Intel (INTC) is reportedly considering an audacious move to acquire Broadcom (AVGO) to hijack its attempt to takeover Qualcomm (QCOM).

The world's No. 1 chipmaker is keeping a close eye on Broadcom's hostile bid for Qualcomm as it fears the combined company could prose a serious threat to its business, according to the Wall Street Journal.

The buyout is looking increasingly doubtful after a federal probe was launched into the deal, with the Committee on Foreign Investment saying it is troubled about Broadcom's relationships with foreign entities.

But if it appears Broadcom is likely to secure a Qualcomm deal, Intel would step in with its own offer for Broadcom, which currently has a market value of about $104 billion, the Journal said. Insiders also said Intel may decide to make other, smaller acquisitions if such an event transpired.

Intel said it doesn't comment on speculation but noted it has made acquisitions like Mobileye and Altera and is working to integrate them.

Shares of Broadcom surged 5.2% to 267.01 in after-hours trading on the stock market today. Intel dipped 0.8%, and Qualcomm eased 0.4%.

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