The start of the Israeli operation Autotalks It was obtained by Qualcomm’s Technologies of Qualcomm from Qualcomm. Company unit. This is the second time that the two companies have reached a deal. The first time, the deal decreased more than a year ago, due to organizational difficulties in the United States. It seems that the changes in the organizational environment have brought the parties back to the deal, but at a different price.
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Qualcomm cancels the acquisition of Autotalks at a value of $ 350 million
Unlike the reports received in the media that describes the deal with “hundreds of millions of dollars”, “Globes” learned that the price of the deal ranges between 80 and 90 million dollars only. This is much lower than the price of $ 350 million in the original deal.
The authorities in the United States achieved the deal, which served as a Qualcomm bargaining card to negotiate a lower price. According to Pitchbook, $ 110 million has been invested in Autotalks for seventeen years.
Autotalks is a V2X developer (vehicle to everything) that facilitates communications between the car and its surroundings.
Investors in the company will not see a great return. Among them are active boxes such as Ataqa, and the money that is no longer active, such as magma and Gemini.
The company also has many international investors, such as this Japanese company Mitsui, Hyundai and Samsung from South Korea, and some Saudi and Chinese money through Liberty Capital, headed by Stephen Mnuchin, who was the US Treasury Secretary at President Donald Trump’s first management, and through limited Foxconn Interconnect (Fit). Phoenix Holdings and Delek Automotive have also been mentioned in the past as the company’s investors.
Despite the disturbance of the previous acquisition, Autotalks maintained the size of the workforce to some extent. It currently has about 120 employees, 100 of them at the KFAR Netter Development Center. As much as it is known, all the Qualcomm employees will join.
It was published by Globes, Israel Business News – En.globes.co.il – on June 5, 2025.
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