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Wireless

Qualcomm bids USD 4.6 bln for Veoneer to expand in auto market

Thursday 5 August 2021 | 16:04 CET | News
Qualcomm has made a bid of USD 4.6 billion to acquire Veoneer, in attempt to further its automotive business in the growing autonomous vehicles market. Qualcomm's offer of USD 37 per share is higher than an earlier agreed bid from Magna for Veoneer of USD 31.25 per share, and Qualcomm said it's willing to agree similar conditions to the Magna offer. 

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Categories: Mobile & Wireless
Companies: Qualcomm
Countries: World
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