Former Chairman Paul Jacobs plans on taking Qualcomm private in 2 months

In the midst of its takeover battle with Broadcom, Qualcomm Chairman Paul Jacobs was forced out after he told the Board that he wanted to buy the company himself. Meanwhile, the transaction proposed by Broadcom would have had it purchase Qualcomm for $117 billion ($79 a share). That deal was eventually quashed by President Donald J. Trump due to national security concerns. At the time, Broadcom was headquartered in Singapore even though it was in the middle of its just completed return to the U.S.

Now, according to a report from CNBC, Qualcomm might be back in play. Jacobs, whose father …


Wisconsin high school students to walk 50 miles, dare Paul Ryan not to act on gun reform

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March For Our Lives and its hundreds of sibling marches may have ended Saturday, but a group of Wisconsin students decided to keep walking in support of the movement’s cause — all the way to Speaker of the House Paul Ryan’s office in Janesville, Wisconsin.  

The students, many of whom attended local Wisconsin marches Saturday, set out Sunday morning from Madison, the state’s capital. Drawing inspiration from the 54-mile civil rights march from Selma  to Montgomery, in 1965, the students have dubbed their protest walk “50 Miles More.” They hope their 50-mile trek to the Republican congressional leader’s office will help keep the spotlight on gun reform.    Read more…

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Qualcomm removes ex-chairman Paul Jacobs from board as he pursues bid for chipmaker

The never-ending saga of Broadcom trying to take over Qualcomm may have just made its first victim. Paul Jacobs, son of Qualcomm’s co-founder Irwin Jacobs, was replaced by Jeffrey Henderson in the chairman position last week.

The decision was made after several investors complained about Jacobs’ pay and said that since he has two separate roles at Qualcomm – executive chairman and chief executive, it might be confusing for employees and directors to tell who is in charge.

However, Jacobs remained a member of Qualcomm’s board until recently when he expressed his wish to pursue a bid …

The internet is having a field day with Paul Ryan's oblivious #GOPTaxScam tweet

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Paul Ryan is boasting on Twitter about all the good the G.O.P. tax plan will do. In related news, the House Majority Leader might not understand how money works for most people.

Ryan, tweeting from his personal account, earned himself a good, old-fashioned public shaming on Saturday after he tried to hype the recently passed tax bill. The extra $1.50 in one “pleasantly surprised” Pennsylvania woman’s weekly paycheck is enough to cover an annual Costco membership, he wrote.

The tweet was so astoundingly dumb that Ryan actually deleted it while we were in the process of writing about it. But let his original intent sink in for a minute. This was Ryan’s idea of a positive outcome for the new tax plan. Read more…

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YouTube star Logan Paul apologises for video depicting an apparent victim of suicide

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YouTube star Logan Paul has issued an apology for posting a video containing footage of an apparent victim of suicide, but it might not be enough for some.

In the now-removed video, the 22-year-old vlogger visited Japan’s Aokigahara forest on the northwestern flank of Mount Fuji. The forest’s name translates to the “Sea of Trees” but is known internationally as the “Suicide Forest,” the site of hundreds of suicides every year.

According to New York Magazine, Paul posted a video to his 15 million YouTube subscribers with the title “We found a dead body in the Japanese Suicide Forest…” that was meant to be the third part of his “Tokyo Adventures,” series. The publisher reports that the video contained footage of a person who had apparently died by suicide, with their face blurred. Read more…

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Donald Trump and Paul Manafort take a very naked shower on 'Saturday Night Live'

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Donald Trump took a naked shower with Paul Manafort on Saturday Night Live tonight, and yes, things got weirder from there.

Kicking the episode off in classic SNL fashion, Alec Baldwin reprised his role as Trump – the real-life version of whom is on his first trip to Asia as president, the late night version of whom snuck off to check on his old buddy Manafort (Alex Moffat) after his no good very bad week.  

But don’t worry. Melania is happy with the (very) fake lookalike Baldwin’s Trump sent along in his stead. In fact, she’s falling in love!

To make absolutely sure Manafort isn’t wearing a wire, Trump insisted the pair pop in the shower together, as one does. He even got in a shot at the Hollywood scandal du jour. Read more…

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Paul McCartney revealed his 'Pirates 5' character and honestly just WHY?!

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Yo ho yo ho, it’s apparently going to be a pirate’s life for McCartney! 

Paul McCartney — yes, Sir Paul McCartney from The Beatles, that’s the guy — on Sunday posted a photo of his Pirates of the Caribbean: Dead Men Tell No Tales character, which was announced last March.

McCartney will be starring in the upcoming Pirates of the Caribbean: Dead Men Tell No Tales. Yeah, no — we have no idea why or how this is happening either. But it’s happening.

A 74-year-old McCartney posted a promo poster for the fifth Pirates film that shows him looking remarkably like his now co-star, Johnny Depp. McCartney’s pirate hair, beard, makeup, bandana, hat, rings, AHH this man is almost unrecognizable.  Read more…

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Formation 8 Founder Jim Kim and Longtime VC Paul Lee partner on a new fund called Builders


screen-shot-2016-12-08-at-8-24-54-pm Jim Kim, who most recently cofounded the venture firm Formation 8, is launching a brand-new venture firm called Builders that looks to be raising a $200 million fund, judging by a recent SEC filing. His cofounder is Paul Lee, who left the Chicago venture firm Lightbank in 2014 and last year launched a startup studio called Roniin that we wrote about last year. It isn’t a surprise… Read More

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