Bloomberg Monday (13th) quoted sources reported, Qualcomm official proposal with more than $ 4 billion Advanced Driving Assist System (ADAS) Tener Veoneer, with more than Magna's quotation, Veoneer has Send a press release confirm that he received a high pass proposal.
Sources said that Qualcomm proposed the price of 37 US dollars per share. After the news came out, Veoneer stock price rose 2.2.18% to $ 35.6 per share.
Qualcomm is deeply interested in Veoneer's Arriver's self-driving department, which is mainly responsible for the development of ADAS and other technologies, and will sell non-Arriver assets to private equity companies or other automakers after planning.
As automakers seek to improve automotive prices and achieve technical advantages, such as automotive anti-collision systems and self-driving technology have become a fierce competition battlefield, global vehicle parts suppliers and chippers have strongly stabilized at the advanced car safety function market. .
Magna has proposed in July to acquire Veoneer with a total price of approximately $ 38 billion proposal per share. The original Board of Directors has nodded to agree to the acquisition, but Qualcomm intercepts the promise of 37 US dollars or total price of 46 per share in August. Hundred million US dollars acquired. If Qualcomm and Veoneer reach the acquisition agreement, Magna has the right to bid again.
However, Bloomberg data showed that Magnah, Magnah, Magna, which was difficult to compete with Qualcomm, and Qualcomm of 162 billion US dollars, and the cash equivalent was nearly 13 billion US dollars. In contrast, Magna's market value of approximately 24 billion US dollar, cash equivalent value is $ 3.4 billion.
Dan Levy, an analyst of the Ri Xin Auto Industry, is expected to not further bid, as the company's investors are cautious about this acquisition. On the other hand, Qualcomm is trying to expand its business scope to the mobile phone, and the car chip accounts for about 3% of the company's sales sales last year, and the growth is slow in recent quarters.
Qualcomm has issued a formal acquisition to the ADAS technology manufacturer, with more than $ 4 billion
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