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Actionable news in QCOM: QUALCOMM Incorporated,

Broadcom Exploring Deal to Buy Qualcomm - Report

Broadcom Ltd. (AVGO - Get Report) is said to be exploring a deal to acquire Qualcomm Inc. (QCOM - Get Report) , according to a report from Bloomberg, citing people familiar with the matter.

A takeover could be the biggest acquisition of a chipmaker ever. Broadcom is reportedly speaking to advisers about the potential deal.

Qualcomm stock jumped 13.3% to $62.14 on heavy trading volume mid-afternoon Friday. Broadcom stock gained 1.44% to $263.23, also trading on heavy volume.

Broadcom is a holding in Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio . Want to be alerted before Cramer buys or sells AVGO? Learn more now.

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