Israeli startup Autotalks has been acquired by US semiconductor big Qualcomm’s Qualcomm Applied sciences. Inc. unit. That is the second time that the 2 firms have reached a deal. The primary time, the deal fell via over a yr in the past, due to regulatory difficulties within the US. Adjustments within the regulatory surroundings apparently introduced the events again to the deal, however at a unique value.
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Opposite to studies within the media describing a deal “within the a whole lot of thousands and thousands of {dollars},” “Globes” has realized that the deal value is $80-90 million solely. That is considerably much less that the $350 million value within the unique deal.
The authorities within the US investigated the deal, which served as a bargaining card for Qualcomm to barter a lower cost. In line with PitchBook, $110 million have been invested in Autotalks over seventeen years.
Autotalks is a developer of V2X (car to every thing) techniques that facilitate communications between a car and its environment.
The buyers within the firm won’t see a big return. Amongst them are energetic funds equivalent to Classic, and funds which can be not energetic, equivalent to Magma and Gemini.
The corporate additionally has a number of worldwide buyers, such Japanese firm Mitsui, Hyundai and Samsung of South Korea, and a few Saudi and Chinese language cash via Liberty Capital, headed by Steven Mnuchin, who was US Secretary of the Treasury in President Donald Trump’s first administration, and thru Foxconn Interconnect Expertise Restricted (FIT). The Phoenix Holdings and Delek Automotive Programs have been additionally talked about up to now as buyers within the firm.
Regardless of the upset of the cancellation of the earlier acquisition deal, Autotalks has kind of maintained the dimensions of its workforce. It presently has about 120 workers, 100 of them in its improvement middle in Kfar Netter. So far as is thought, all the workers will be part of Qualcomm.
Printed by Globes, Israel enterprise information – en.globes.co.il – on June 5, 2025.
© Copyright of Globes Writer Itonut (1983) Ltd., 2025.
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