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The CMA has invited comments on the transaction from any interested party, a move that precedes the initiation of a formal investigation. The regulator has not set a definitive deadline for these inputs yet.
The U.S. mobile-phone chip maker Qualcomm (NASDAQ:QCOM) had reached an agreement in May to acquire Autotalks. The move was intended to bolster Qualcomm’s portfolio of Snapdragon chips for automakers. The financial details of the deal remain undisclosed.
According to InvestingPro data, Qualcomm has a market cap of $123.99 billion and operates with a P/E ratio of 14.48. The company has demonstrated a high return on assets, standing at 17.94% as of Q3 2023. Despite a revenue growth decline of -8.44% in the same period, Qualcomm remains a prominent player in the Semiconductors & Semiconductor Equipment industry.
The semiconductor company Qualcomm had announced on May 8 that its unit, Qualcomm Technologies, Inc., would be entering into a deal to acquire Autotalks, a fabless semiconductor firm.
InvestingPro Tips indicate that Qualcomm yields a high return on invested capital and has maintained its dividend payments for 21 consecutive years. These aspects of the company’s performance suggest a strong financial position, which could be a key factor in its ongoing acquisition strategy. For more insights like these, interested readers can visit InvestingPro, which offers an additional 12 valuable tips for investors.
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