Qualcomm beats Canada’s Magna to buy Veoneer - Reuters News Agency
DealsReuters News FirstTechnology

Qualcomm beats Canada’s Magna to buy Veoneer

Reuters was 68 seconds ahead on Oct 4 with news that chipmaker Qualcomm and SSW Partners struck a deal to buy Swedish automotive technology group Veoneer for $4.5 billion, which canceled its previous acquisition deal with Magna.

Market Impact

Veoneer’s shares jumped 4.5% on the news.



Article Tags
Topics of Interest: DealsReuters News FirstTechnology
Type: Reuters News First
Sectors: Technology
Regions: EuropeNorth America
Countries: CanadaSweden
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Major Global Story
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