{"id":301406,"date":"2021-10-04T19:22:35","date_gmt":"2021-10-04T19:22:35","guid":{"rendered":"https:\/\/www.mobileworldlive.com\/?p=329183"},"modified":"2021-10-04T19:22:35","modified_gmt":"2021-10-04T19:22:35","slug":"qualcomm-seals-its-deal-for-veoneer","status":"publish","type":"post","link":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/2021\/10\/04\/qualcomm-seals-its-deal-for-veoneer\/","title":{"rendered":"Qualcomm seals its deal for Veoneer"},"content":{"rendered":"

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\tQualcomm has partnered with a financial investor to buy Veoneer for $4.5 billion, putting an end to Magna International\u2019s bid to acquire the maker of advanced driving assistance systems (ADAS) hardware and software.<\/p>\n

SSW Partners, a New York-based investment partnership, will acquire all outstanding shares of Veoneer, the companies explained in a statement. SSW Partners will then sell Veoneer\u2019s Arriver business unit to Qualcomm for an undisclosed amount.<\/p>\n

Arriver\u2019s technology portfolio includes software to enable computer vision, drive policy and driver assistance, which Qualcomm plans to integrate into its Snapdragon Ride ADAS solution.<\/p>\n

Cristiano Amon, Qualcomm president and CEO, described his company as \u201cthe natural owner of Arriver\u201d in a statement. \u201cBy integrating these assets, Qualcomm accelerates its ability to deliver a leading and horizontal ADAS solution as part of its digital chassis platform,” he said.<\/p>\n

The three-way deal with SSW Partners means Qualcomm will acquire the parts of Veoneer that fit best with its business, and will pay less than the $4.6 billion it originally offered [1] for the entire company.<\/p>\n

SSW Partners stated it will work to find strategic buyers for the parts of Veoneer Qualcomm is not acquiring.<\/p>\n

Before Qualcomm swooped in with a higher offer, Veoneer had agreed to be acquired by Canada\u2019s Magna International. Veoneer stated it has now terminated that agreement.<\/p>\n

[1] https:\/\/www.mobileworldlive.com\/featured-content\/top-three\/qualcomm-bids-4-6-billion-for-adas-player-veoneer<\/p>\n\n

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Qualcomm has partnered with a financial investor to buy Veoneer for $4.5 billion, putting an …<\/p>\n

The post Qualcomm seals its deal for Veoneer<\/a> appeared first on Mobile World Live<\/a>.<\/p>\n<\/div>","protected":false},"author":1502,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"slim_seo":{"title":"Qualcomm seals its deal for Veoneer - ITTeacherITFreelance.hk","description":"Qualcomm has partnered with a financial investor to buy Veoneer for $4.5 billion, putting an ... The post Qualcomm seals its deal for Veoneer appeared first on"},"footnotes":""},"categories":[11,8],"tags":[],"_links":{"self":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/301406"}],"collection":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/users\/1502"}],"replies":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/comments?post=301406"}],"version-history":[{"count":2,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/301406\/revisions"}],"predecessor-version":[{"id":301607,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/301406\/revisions\/301607"}],"wp:attachment":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/media?parent=301406"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/categories?post=301406"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/tags?post=301406"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}