Google Ventures

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   Alphabet discloses $548M Qualcomm stake

   A regulatory filing shows Alphabet held 2,976,982 Qualcomm shares worth $547.9 million at the end of September, representing less than 0.5% of Qualcomm's outstanding shares. The Information reported that Google Ventures received the shares through Qualcomm's acquisition of Modular, but the filing did not disclose the purchase date, price or purpose, and related share counts remain unreconciled. After the holding was reported, Qualcomm shares rose more than 3% in premarket trading.

   The Information · 🔥 25

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