Chipmaker Qualcomm Inc said on Thursday it had offered to buy Swedish auto parts maker Veoneer Inc for $4.6 billion, an 18.4% premium to a bid in July by Canada’s Magna International Inc that was accepted by Veoneer’s...
Magna’s $3.8 billion Veoneer buy to drive car safety business
Canadian auto parts maker Magna International Inc on Thursday agreed to buy Swedish rival Veoneer Inc for about $3.8 billion in cash to boost its efforts to build driver assistance tech geared toward autonomous vehicles...
Sanjeev Kapoor’s Tinychef acquires meal planning app Zelish
Recipe discovery, meal prepping, and grocery ordering app Tinychef on Wednesday announced that it is set to acquire meal-planning app Zelish for an undisclosed sum. Tinychef helps convert recipe content into branded...
Nikola strategic partner Hanwha to sell 50% of EV stake
Nikola Corp. is seeing another strategic partner sell down its stake as South Korea’s Hanwha Group signaled its intention to liquidate half of its holdings in the troubled electric-truck startup. Hanwha, which Nikola...
Indospace frontrunner to buy Bengaluru-based Embassy Industrial Parks, valued at Rs 1,800 crore
Industrial and warehousing parks developer Indospace has emerged as the frontrunner to acquire Bengaluru-based Embassy Industrial Parks at an enterprise value of Rs 1,800 crore. Indospace, backed by PE fund Everstone...
Daimler teams up with Volvo Trucks in fuel cell venture
Daimler and Volvo Trucks have agreed to join forces to develop, produce and sell fuel cell systems for heavy-duty vehicles, in a sign that the coronavirus crisis is accelerating consolidation. Global car and truck...
Italian brake maker Brembo treads new path with Pirelli stake
Italy’s Brembo, which make brakes for Ferrari, Tesla, BMW and Mercedes as well as several Formula 1 teams, has taken a small “long-term” stake in tire maker Pirelli. Brembo said on Tuesday it had decided to buy the 2...
Japan’s Nidec bets on electric cars and acquisitions to treble sales: sources
Japan’s Nidec Corp plans to more than treble its revenue over the next five years by focusing on electric vehicle powertrains and buying specialists in motor technologies, two people familiar with the matter told...
Mitsubishi, NTT to buy 30% stake in digital mapping company HERE
Digital mapping company HERE Technologies sold a 30% stake to Mitsubishi Corp and Nippon Telegraph and Telephone Corp (NTT), diluting German carmakers’ stake to 54% amid uncertainty about the profit potential from...
ProSieben’s U.S. production assets attract strategic buyers: sources
ProSiebenSat.1 Media’s U.S. production business, which includes the maker of crime drama ‘Bosch’, is attracting interest from strategic buyers and the German broadcaster aims for a sale by year-end, sources familiar...
Salesforce to buy Israel’s ClickSoftware for $1.35 billion
U.S. cloud-based service provider Salesforce (CRM.N) agreed to buy U.S.-Israeli software developer ClickSoftware for $1.35 billion in cash and shares, in a bid to accelerate growth of its cloud-based products to manage...
Top Brembo investor tightens grip with loyalty share scheme for M&A
Shareholders in Brembo approved on Thursday a loyalty share scheme which would allow the family that owns the Italian premium brake maker to retain control as the company looks to expand through acquisitions. Under the...