Former Qualcomm Chairman and CEO Paul Jacob are trying to raise money to support him to buy Qualcomm. Keep in mind that Jacob is also the son of the founder of the company Qualcomm.
Of course, this step is taken to maintain the existence of Qualcomm as a family company. Jacob himself is rumored to be converting Qualcomm into a private company, not a public company if successful buy Qualcomm.
Based on inside information compiled by CNBC, mentioned there are already some investors who are interested in helping Jacob have Qualcomm. One of the potential manufacturers is the design of ARM chip owned SoftBank.
The ARM is a chip designer that is widely used processor manufacturers including Qualcomm has been a long-time subscription. Previously, Jacob had only a very small stake, requiring more money to buy Qualcomm and turn it into a private company.