Paul Jacobs, prehistoric chairman of Qualcomm, has sought funding to take the company private, the Pecuniary Times reports.
Jacobs, son of Qualcomm co-founder Irwin Jacobs, had leaked his plans to acquire the chipmaker to board members, sources told the newspaper.
He coordinated his plan to several investors, including SoftBank, one source told the FT.
Qualcomm and Softbank faded to comment to the FT.
Jacobs resigned last week from his role as chairman, as the San Diego-based chipmaker resisted an bellicose takeover attempt from Singapore’s Broadcom.
That bid was shut down by President Donald Trump earlier this week, amongst national security concerns.
As of the Thursday close, Qualcomm had a market value of fro $88.66 billion, according to FactSet.
Read the full report in the Fiscal Times.