autonomous-vehiclesAutonomous Vehicles

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Author: Angelos Lakrintis
Publication Date: Aug 05 2021
Pages: 9
 Report Type: Insight, Word

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Autonomous Vehicles

Qualcomm Strikes Back with a Counteroffer to Acquire Veoneer



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Report Summary:

Less than two weeks after Magna’s intention to acquire Veoneer, a counteroffer came in to turn the tables once again in the automotive Tier 1 world. Qualcomm announced that intends to acquire Veoneer in a higher price in order to enhance its ADAS and autonomous driving reach in the value chain. Is Qualcomm a better fit for Veoneer and how this merger will affect this relationship? 

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