Qualcomm Ousts Paul Jacobs From Board as He Chases Long-Shot Bid for Chip Giant

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Qualcomm Inc. took the extraordinary step of eradicating former Chairman and Chief Executive Paul Jacobs from its board after he broached a long-shot bid for the chip-making large.

The determination to oust Mr. Jacobs was made at a board assembly Friday, in line with folks accustomed to the matter. At the assembly, he reiterated his need to pursue a possible buyout after elevating the difficulty in a letter to the board Tuesday, in line with an individual accustomed to the occasions.

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