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Qualcomm said it will team with SSW Partners to acquire Veoneer for $4.5 billion. The move is part of Qualcomm's long-term efforts to expand beyond cellphones and into the automotive industry.

Qualcomm Incorporated and SSW Partners, a New York -based investment partnership today announced they have reached a definitive agreement to acquire Veoneer, Inc. for $37.00 per share in an all-cash transaction, representing a total equity value for Veoneer of $4.5 billion . Veoneer has terminated its prior acquisition agreement with Magna International Inc. and canceled its October 19, 2021 special meeting that was ...

Operator Hello, and welcome to the Veoneer Q2 Report 2021 Call. [Operator Instructions] Today, I'm pleased to present Thomas Jonsson. Please go ahead with your meeting. Thomas Jonsson -- Executive Vice President, Communications & Investor Relations Thank you very much, Ness, and welcome everyone to our second quarter 2021 earnings conference call and webcast presentation. Here in Stockholm, we have our Chairman, President and CEO, Jan Carlson; our Chief Financial Officer, Ray Pekar; and myself, Thomas Jonsson, Communications and IR. During the call today, Jan will comment on our current busi...

Active Safety Organic Sales1 growth YoY is expected to be in the range of 40-45% Currency translation impact is expected to be ~4% Operating loss is expected to improve in 2021 from 2020, Cash balance is expected to exceed $400 million at 2021 year-end Order intake in 2021 is expected to increase from 2020 Business Highlights Enters into a definitive merger agreement under which Magna International Inc. will acquire Veoneer Organic Sales growth outperformed the global LVP by ~58pp for Q2'21, expect out-performance of mid-teens for full year 2021 Semiconductor supply shortages continue to...