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 corporations have reached a deal. The primary time, the deal fell via over a 12 months in the past, due to regulatory difficulties within the US. Adjustments within the regulatory setting apparently introduced the events again to the deal, however at a unique worth.
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Opposite to stories within the media describing a deal “within the lots of of hundreds of thousands of {dollars},” “Globes” has realized that the deal worth is $80-90 million solely. That is considerably much less that the $350 million worth within the unique deal.
The authorities within the US investigated the deal, which served as a bargaining card for Qualcomm to barter a cheaper price. Based on PitchBook, $110 million have been invested in Autotalks over seventeen years.
Autotalks is a developer of V2X (car to every thing) methods that facilitate communications between a car and its environment.
The buyers within the firm is not going to see a big return. Amongst them are lively funds resembling Classic, and funds which can be now not lively, resembling 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 Know-how Restricted (FIT). The Phoenix Holdings and Delek Automotive Programs have been additionally talked about previously 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 at present has about 120 workers, 100 of them in its improvement middle in Kfar Netter. So far as is understood, 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.
