tiprankstipranks
Advertisement
Advertisement

Qualcomm ends efforts to buy car chip maker Autotalks, Reuters reports

Qualcomm has ended its bid to buy Israeli car chip maker Autotalks, citing a lack of timely regulatory approvals, Reuters reported on Friday. The U.K.’s CMA opened a probe into the deal in February. “Automotive is a very important vertical for Qualcomm and we remain fully committed to our product roadmap, our customers and our partners,” Qualcomm said in a statement.

Claim 55% Off TipRanks

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1