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Qualcomm Drops Planned Acquisition of Israel's Autotalks jewishbusinessnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jewishbusinessnews.com Daily Mail and Mail on Sunday newspapers.
Qualcomm, which is best known for its mobile phone chips but has built an extensive automotive chip business, had said it would acquire the firm last year. The U.K. s top antitrust regulator said in February it was opening a probe into the deal. ....
Qualcomm had said it would acquire Autotalks, a maker of chips used in crash-prevention technology in vehicles, but had not disclosed the terms of the deal. ....
The UK's Competition Markets Authority said on Friday that it is investigating the planned acquisition by Qualcomm Inc (QCOM). of Autotalks Ltd. raising concerns that the merger may substantially lessen the competition for goods or services. ....