Qualcomm Inc. partnered with a newly formed private equity firm on an agreement to acquire Veoneer Inc., ending a lengthy battle between the chipmaker and an incumbent car supplier for control of an automotive-technology company.
Under the deal announced Monday, Qualcomm and New York-based SSW Partners will acquire Veoneer for $37 a share, an 18% premium over a bid Magna International Inc. made in July. SSW Partners, co-founded by former Lazard dealmaker Antonio Weiss, will then sell Veoneer’s autonomous-driving software operation known as Arriver to Qualcomm, and find owners for the rest of its businesses.
Qualcomm’s Cristiano ...
