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Qualcomm acquires Veoneer for $4.5 billion, canceling its agreement with Magna

Qualcomm acquires Veoneer for $4.5 billion, canceling its agreement with Magna

2 years ago
Anonymous $dRhNkMsRKr

https://techcrunch.com/2021/10/04/qualcomm-acquires-veoneer-for-4-5-billion-canceling-its-agreement-with-magna/

Qualcomm scored the purchase of Swedish automotive tech company Veoneer, nudging out Magna International with a higher bid.

Qualcomm and investment group SSW Partners said Monday they would acquire Veoneer for $37 per share in an all-cash transaction. At closing, SSW said it would sell Veoneer’s Arriver tech – an advanced driver assistance system stack that includes sensors and software – to Qualcomm and retain the Swedish company’s other Tier 1 supplier businesses.