Qualcomm deal to acquire Autotalks needs EU approval, regulators say
Justin Sullivan

Qualcomm's (NASDAQ:QCOM) deal to acquire Israeli car chip manufacturer Autotalks will need approval from Europe's antitrust regulator, the agency said on Friday.
Fifteen countries have asked the European Commission to look into the deal, including Belgium, France, Italy and the Netherlands, despite the fact that the deal "does not reach the notification thresholds set out in the [EU Merger Regulation]," the EC wrote in a statement, referencing annual revenue.

"In particular, the transaction would combine two of the main suppliers of [vehicle-to-everything] semiconductors in the [European Economic Area]," the Commission explained as the rationale for the merger approval.
Vehicle-to-everything, or V2X, technology is needed for road safety, traffic management and cutting carbon dioxide emissions and for autonomous vehicles, the European Commission explained.
Qualcomm (QCOM) announced the deal in May, but terms were not disclosed.
San Diego-based Qualcomm (QCOM) did not immediately respond to a request for comment.


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