DealsReuters News FirstTechnology

Qualcomm beats Canada’s Magna to buy Veoneer

04 October 2021, 3:58 pm 1 minute

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

Share this article

Work Email Address *

Country *

I'd like to receive communications about Reuters resources, events, products, or services.

(Please note you can manage and update your preferences at any time.) By submitting your details, you are agreeing to receive communications about Reuters resources, events, products, or services. By submitting your details, you are also acknowledging that you have read and understood our: Privacy Statement.

By submitting your details, you are agreeing to receive communications about Reuters resources, events, products, or services. By submitting your details, you are also acknowledging that you have read and understood our: Privacy Statement. * required field

Work Email Address *

Country *

More of Reuters Best

Wells Fargo asset cap likely to be lifted next year

Qualcomm beats Canada’s Magna to buy Veoneer

Market Impact

More of Reuters Best

Wells Fargo asset cap likely to be lifted next year

India’s Andhra Pradesh state likely to suspend Adani power deal

Buffett refines plans for his fortune, donates more Berkshire shares

Nvidia’s AI chip demand still booming but slowing sales growth worries investors