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With one battle over, a much bigger one looms for Qualcomm: Apple

Few buyers had extra at stake in Broadcom’s $117 billion hostile takeover bid for chipmaker Qualcomm than Jerome Dodson, the founder and chief govt of Parnassus Investments in San Francisco and chief portfolio supervisor for the Parnassus Endeavor mutual fund.

Endeavor owns eight.three million Qualcomm shares, making it one of many firm’s largest shareholders. Per week in the past the shares have been value greater than $500 million and accounted for almost 10 p.c of Endeavor’s property, a extremely concentrated place.

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