Equity analysts are skeptical about the merits of a possible combination of Qualcomm Inc. and Intel Corp., after a recent report said the former had approached the latter about a takeover. On Wednesday,

The embattled chip giant has become a takeover target in recent days, but the tough act of separating the pros from the cons make a takeover unlikely.

Qualcomm Inc. has approached Intel Corp. to discuss a potential acquisition of the struggling chipmaker, people with knowledge of the matter said, raising the prospect of one of the biggest-ever