One fund manager sees “more cons than pros” if the companies were to combine, after the Wall Street Journal reported that Qualcomm approached Intel about a possible deal.

Intel Corporation shares rise on reports of Qualcomm Incorporated takeover interest due to Intel's issues & restructuring. Click for more on the INTC and QCOM deal.

Qualcomm has approached chipmaker Intel about a possible takeover in recent days, according to a Wall Street Journal report Friday. Intel has been suffering its own recent failures, and a Qualcomm acquisition would be a big deal for the chip market.

Chip giant Qualcomm made a takeover approach to rival Intel in recent days, according to people familiar with the matter, in what would be one of the largest and most consequential deals in recent years.

Patrick Moorhead, Moor Insights & Strategy CEO, joins 'Closing Bell Overtime' to talk recent reports that Qualcomm approached Intel about a takeover.