Auto-PartsBusinessQualcomm

Qualcomm Wins an Auto-Parts Merger Battle. Chalk One Up for Big Tech.


  • Order Reprints

  • Print Article

Auto-parts maker Veoneer was being courted by parts giant Magna International and tech giant Qualcomm in a deal that was all about the future of self-driving cars. Qualcomm won in a complicated transaction.

Magna (ticker: MGA) announced plans to buy Veoneer (VNE) back in July, agreeing to pay more than $3 billion because it believed Veoneer’s advanced safety business—including things such as radar which enable self-driving features on modern cars—was a good fit for its auto-parts-business portfolio.

Then…


Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Close
Close