Qualcomm would only pursue ‘friendly’ deal for Intel, FT reports

Qualcomm (QCOM) would only pursue a friendly deal for Intel (INTC), according to a person close to the chipmaker, though people with knowledge of Intel’s thinking say the company is concerned that a deal would be hampered by antitrust regulators, The Financial Times’ Maria Heeter, James Fontanella-Khan, and Bryce Elder report. Intel is working with Goldman Sachs (GS) and Morgan Stanley (MS) to evaluate Qualcomm’s approach, people with knowledge of the matter say, adding that Intel is considering a wide range of asset sales. CNBC previously reported that investment bankers from Morgan Stanley have been advising Intel for several months on how to defend itself from activist investors.