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.

Qualcomm is reportedly in early talks for a potential acquisition of Intel, valued at $122 billion. Despite Intel’s declining performance, Qualcomm believes an all-American merger might ease antitrust concerns.

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.