Qualcomm Tries To Outbid Magna For Veoneer

DrTJ writes: Chipmaker Qualcomm places a bid of $4.6bn for Swedish automotive company Veoneer. As of last week, Magna offered $3.8bn for the company. Qualcomm is making an 18% higher offer, or $37 per share. Veoneer focuses its business on ADAS (Advanced Driver Assistance Systems), including computer vision, radar sensing, LIDAR and drive policy software. Both Qualcomm and Magna states that they want to strengthen their ADAS position on the market by the purchase.

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