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